On July 19, the UK Serious Fraud Office (SFO) announced that it is conducting a criminal investigation of Monaco-based Unaoil, its officers, employees, and agents. The investigation centers on allegations of bribery, corruption, and money laundering by the oil and gas company that were first made in March 2016 by Fairfax Media and the Huffington Post in a multi-part investigation. Since the publications, Unaoil has denied the “unfounded” allegations and has stated that is contemplating legal action against Fairfax Media, the Australian partner of the Huffington Post.
The SFO stated that its investigation, which is the latest fallout from the investigative reporting, has been aided by a “number of sources” that have come forward with information. In addition, numerous companies, including Core Labs, KBR, and FMC Technologies, have announced DOJ inquiries into Unaoil’s activities.