Unaoil Investigation Update

Following the investigations and three-part series released by Fairfax Media and Huffington Post earlier in the year (see previous blog posts), investigations into Monaco-based company Unaoil have continued.

Unaoil has continually denied corruption and bribery allegations, even arguing it has been the victim of extortion by unknown cybercriminals, who offered to destroy the data in exchange for $US5 million. However, Fairfax Media and the Huffington Post are standing by their report and the initial allegations.

In a recent interview Iraq’s Ambassador to the United States, Lukman Faily, admitted corruption allegations that Unaoil paid millions of dollars in attempts to bribe Iraqi officials, were not without basis: ‘I’m not saying that all the conclusions of the report [are] right, nor am I saying that there were no foundations for it…[t]here are some foundations for those reports.’

Investigations are ongoing.






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