The UK’s Serious Fraud Office (SFO) has announced that it is conducting a criminal investigation into Unaoil, the Monaco-based company that has been implicated in an international corruption scandal.
A statement from the SFO called for information relating to the allegations:
“The SFO is conducting a criminal investigation into the activities of Unaoil, its officers, its employees and its agents in connection with suspected offences of bribery, corruption and money laundering.
According to The Guardian, Rolls-Royce, Petrofac and Halliburton are among the dozens of multinationals reported to have hired Unaoil, which acts as an agent to help companies secure business in unfamiliar overseas markets.
In its Second Quarter 2016 Results, oil services company Halliburton has said its Middle East/Asia revenue declined 3 percent from the first quarter, due to lower activity levels in Iraq, Australia, and Indonesia.