Unaoil Bosses Plead Guilty To Global Bribery Scheme

Law360 (October 30, 2019, 7:55 PM EDT) -- Two former heads of energy industry intermediary Unaoil pled guilty earlier this year to conspiracy to bribe foreign officials in Africa, the Middle East and post-Soviet countries on behalf of SBM Offshore, Rolls-Royce and 25 unnamed companies, according to Texas federal court documents made public on Wednesday.

Former Unaoil CEO Cyrus Ahsani, 51, and Chief Operating Officer Saman Ahsani, 46, pled guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act by facilitating bribes in nine countries between 1999 and 2017. Former Unaoil executive Steven Hunter has also pled guilty to a conspiracy to pay bribes in Libya....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!