Unaoil bosses have pleaded guilty to FCPA conspiracy
The former CEO and former chief operations officer of Monaco-based Unaoil
pleaded guilty in March to arranging millions in bribes to officials in at least ten countries,
and a former Unaoil business development director pleaded guilty in August last year, the DOJ said Wednesday.
Former CEO Cyrus Ahsani, 51,
and former COO Saman Ahsani, 46,
both UK citizens,
pleaded guilty on March 25 to one count of conspiracy to violate the Foreign Corrupt Practices Act.
They
conspired “to facilitate bribes on behalf of companies in foreign countries in order to secure oil and gas contracts,” the DOJ said.
In August 2018, Unaoil’s former business development director, Steven Hunter, 50, pleaded guilty to one count of conspiracy to violate the FCPA. He’s a UK resident.
No announcement about the three guilty pleas had been made until Wednesday.
Cyrus and Saman Ahsani are sons of Ata Ahsani, the founder of intermediary Unaoil. The family is originally from Iran.
The FCPA Blog
https://fcpablog.com/2019/10/30/doj-unaoil-bosses-have-pleaded-guilty-to-fcpa-conspiracy/