27th April 2017
It was the summer of 2012, and Jared Kushner was headed downtown. His family’s real estate firm, the Kushner Companies, would spend about $190 million over the next few months on dozens of apartment buildings in tony Lower Manhattan neighborhoods including the… Read More
24th April 2017
There’s a growing sense that agents and intermediaries that facilitate corrupt deals are immune from prosecution in the UK. The Unaoil case — and it should be stressed that no allegations of corruption against the company have been proven — provides an opportunity to rectify this perception of impunity for… Read More
21st April 2017
The Australian Taxation Office has scored as big a win against oil giant Chevron as current laws allow, but it hasn’t managed to close a commonly exploited tax loophole, according to an internationally renowned expert. “The result is a win-win situation for both the ATO and the Chevron group” said Dr… Read More
20th April 2017
Exxon Mobil is pursuing a waiver from Treasury Department sanctions on Russia to drill in the Black Sea in a venture with Rosneft, the Russian state oil company, a former State Department official said on Wednesday. An oil industry official confirmed the account. Read More
20th April 2017
The SEC rule that would have required oil and gas and mining companies to disclose each year their payments to foreign governments was intended to increase transparency and prevent back-handers, bungs, and bribes from reaching those able to influence contractual decisions. Sadly, it is the local populace that often loses… Read More
11th April 2017
Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an… Read More
10th April 2017
The BBC has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast oil field would be passed to a convicted money-launderer. It also had reason to believe that money would be used to pay political bribes. The deal was concluded while… Read More
5th April 2017
Russian oil major Rosneft hopes to benefit from European court rulings that have allowed some Iranian banks to escape from European Union sanctions. Russia’s largest oil firm has been subject to sanctions since 2014, following Russia’s annexation of Ukraine’s Crimea region. Chief Executive Igor Sechin, a close ally of Russian… Read More
30th March 2017
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 lawsuit alleged the SFO relied on misstatements and omissions when it asked authorities… Read More
13th March 2017
Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication of the legal difficulties and high prices that still hamper the trade. The Anglo-Dutch firm did not give a reason… Read More