3rd June 2020
There was little fanfare in Uzbekistan when a large domestic producer of household appliances like refrigerators and ovens was awarded a massive deal in a secretive process to make millions of gas meters for the most-populous country in Central Asia. But an investigation by RFE/RL’s Uzbek Service showed that… Read More
2nd June 2020
Global commodities trader Trafigura is under investigation by US authorities for alleged corruption and market manipulation relating to oil trading, the Guardian has learned. The Commodities and Futures Trading Commission (CFTC) is leading a far-reaching probe into the activities of the oil and metals trading house, including its… Read More
1st June 2020
OCCRP—A British Virgin Islands-based firm allegedly paid more than US$390,000 in bribes to land a natural gas processing plant construction contract in 2009, Nigeria’s attorney general said in a statement obtained by OCCRP and its Nigerian member center, the Premium Times. In 2012, Process and Industrial Developments (P&ID), an… Read More
28th May 2020
Criticized as a hypocrite, former Miami Congressman David Rivera claims his $50 million consulting contract with an oil company owned by Venezuela’s government wasn’t meant to defend embattled President Nicolás Maduro but rather to remove him from power. However, the Miami Herald has learned that Rivera used some of his… Read More
25th May 2020
Royal Dutch Shell Plc and Eni SpA won dismissal of a $1 billion U.K. lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal. A London judge ruled Friday that England has no jurisdiction to try the case as it involves the same… Read More
21st May 2020
On April 28, 2018, an unusual shipment left Russia, bound for Panama. The shipment included two small packages each weighing just 900 grams (2 pounds) with packaging, and under 200 grams without. Their small size belied their worth; shipping documents valued them at $55,063 and $163,089.63, respectively. A third package… Read More
20th May 2020
The U.K.’s economic crimes watchdog has closed a bribery probe into ABB Ltd. ’s past dealings with oil-services provider Unaoil Group. The country’s Serious Fraud Office began investigating ABB after the European engineering giant disclosed the results of an internal investigation into its business with Monaco-based Unaoil in… Read More
19th May 2020
There are strong indications that the Federal Government will file fresh charges against former Petroleum Minister, Diezani Allison-Madueke, bordering on alleged money laundering, illicit oil deals and other transactions connected to Process and Industrial Development (P&ID). A top official of the Federal Ministry of Justice told Daily Sun that the… Read More
15th May 2020
The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible sanctions busting, according to four people familiar with the matter. U.S. Secretary of State Mike Pompeo and special envoy for Venezuela Elliott Abrams… Read More
14th May 2020
Venezuela’s opposition-held congress plans to voice concern to the U.S. government over its removal of sanctions on Swedish refiner Nynas AB after Venezuela’s state-run oil company, Petroleos de Venezuela, sold most of its stake in the firm, three people with knowledge of the matter said. Nynas said on Tuesday that… Read More