An oil and gas or mining company can avoid all kinds of reputational and legal challenges by swearing off deals with certain corruption warning signs. This month’s developments in an evolving scandal might have Royal Dutch Shell wishing it had done so.
Entries in Unaoil (25)
There's a growing sense that agents and intermediaries that facilitate corrupt deals are immune from prosecution in the UK.
On March 29, two senior UK judges dismissed an attempt by Unaoil to challenge an SFO investigation into allegations that the company paid bribes around the world. It is the latest in a fast-growing list of failed judicial reviews against the SFO brought on shaky legal grounds.
A court in London Wednesday dismissed a lawsuit by Unaoil and its controlling family to quash the fruits of a search police in Monaco conducted last year at the request of the UK Serious Fraud Office.
The UK Serious Fraud Office said Friday it is investigating ABB Ltd’s United Kingdom subsidiaries, their officers, employees, and agents for suspected bribery and corruption.
International success now depends on business leaders having "the foreign policy acumen to distinguish what they can and cannot do,” according to John Chipman, the director-general and chief executive of the International Institute for Strategic Studies.
The UK Serious Fraud Office said Tuesday it is "conducting a criminal investigation into the activities of Unaoil, its officers, its employees and its agents in connection with suspected offenses of bribery, corruption and money laundering."