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LONDON A former sales manager of Dutch energy services company SBM Offshore was on Wednesday convicted by a London jury of conspiracy to bribe public officials to secure lucrative oil contracts in Iraq after the fall of Saddam Hussein in 2003.
Paul Bond, 68, was found guilty of two counts of bribery after a re-trial at London’s Southwark Crown Court. A previous jury had been unable to reach a verdict in his case.
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He is the fourth executive convicted after a sprawling, near five-year Serious Fraud Office (SFO) investigation into Monaco-based Unaoil, an oil and gas consultancy, which has uncovered bribes of more than $17 million to secure contracts worth $1.7 billion for Unaoil and Western, blue-chip clients.
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Australian police on Monday charged a man in connection with allegations a Sydney-based firm paid US$78 million in bribes to secure lucrative Iraqi oil contracts.