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Former Australian executive arrested, charged over alleged oil bribery plot DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Former Australian executive arrested, charged over alleged oil bribery plot

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Former Australian executive arrested, charged over alleged oil bribery plot Empty Former Australian executive arrested, charged over alleged oil bribery plot

Post by GirlBye on Sat Nov 21, 2020 4:57 pm

Australia's longest-running bribery investigation came to a head on Wednesday with the arrest in Queensland of a former senior executive from construction giant Leighton Holdings over his alleged involvement in a $1 billion international graft scandal.


The charging of Russell Waugh comes after two Monaco-based brothers turned police supergrasses and agreed to testify in Australia.

Former Australian executive arrested, charged over alleged oil bribery plot 43f1dbcbcdd5f94a44f68b1234d72f02ee74c813
Former Leighton executive Russell Waugh arrested in Brisbane on alleged bribery charges involving Unaoil.

Mr Waugh is the first of at least three top Australian executives to face charges in connection to the Unaoil conspiracy, which involved bribes paid to ministers and officials in oil producing nations around the world, and which has already led to the jailing or guilty pleas of executives in Europe and the US. There is no suggestion Mr Waugh is guilty, only that he is facing two counts of conspiracy to bribe Iraqi officials.

Australian Federal Police deputy commissioner Ian McCartney said the charges were part of a "hugely significant" investigation that had taken nine years and involved unpicking "a really complex jigsaw puzzle" of intermediary companies in 10 countries.



Mr Waugh is a former managing director of Leighton Offshore who later worked as the chief executive of listed firm UGL – a job he lost only when The Age and The Sydney Morning Herald broke the Unaoil story in 2016 about his alleged corruption. He was arrested on Wednesday morning at his Brisbane home.

Mr Waugh allegedly masterminded a plot between March 2010 and mid-2012 that involved bribing high-ranking Iraqi officials in return for $1.4 billion of Iraqi government oil pipeline contracts for Leighton.

Those bribed are, according to leaked files, a former deputy prime minister of Iraq and two former oil ministers.

Bribery or Corporations Act charges are also expected to be brought against at least two other former top executives from Leighton, a listed firm now called CIMIC. Court files identify those to be charged as David Savage who is currently in France, and Peter Cox who is in Asia. Both may face extradition.
Mr Waugh is the most senior executive from an ASX-listed company to be charged with foreign bribery offences in Australia since the laws were passed in 1999 and his arrest marks a major breakthrough in an Australian Federal Police investigation that has cost millions of dollars.

Deputy commissioner McCartney said the arrests showed the commitment of the Australian Federal Police to international bribery investigations.
"It's a serious crime ... there is a misconception that foreign bribery is just the cost of doing business. It isn't. Foreign bribery ... reflects poorly on our national character and inflicts generational economic damage on the countries impacted."
He said the police were continuing to investigate if the Commonwealth could recoup the financial benefit enjoyed by Leighton, now CIMIC, under proceeds of crimes laws.

One financial crime investigator based in Canberra warned that AFP command is divided about whether to invest in complex fraud and bribery inquiries because they are time-consuming and difficult to prosecute.
The charging of Mr Waugh was made possible by the decision of brothers Cyrus and Saman Ahsani of Monaco to co-operate with the Australian government after they were charged by the FBI in 2019 for Unaoil's vast-scale bribery operation, which was exposed via a massive data leak to The Age and The Sydney Morning Herald in March 2016. At least 25 multinational firms were involved, including Leighton.

According to court files, the case against Mr Waugh alleges he conspired with the Ahsanis, who are expected to testify that he was involved in clandestine meetings and suspect money trails to hide bribes being paid by Leighton but handed over to officials by Unaoil.
The Ahsanis will allege that Mr Waugh as well as Mr Cox and Mr Savage were involved in the payment of kickbacks between March 2010 and mid 2012. Those bribed are, according to leaked files separately obtained by The Age and Herald, a former deputy prime minister of Iraq and two former oil ministers. If Mr Waugh is found guilty he could face up to 10 years in jail.

Former Australian executive arrested, charged over alleged oil bribery plot 8e48f72543e9ceb2df7be0206ef653d7ce55dc16
Brothers Saman and Cyrus Ahsani and their father Ata Ahsani: the men behind Unaoil.

According to court files, Mr Waugh is also alleged to have used a shadowy UAE firm, Asian Global Projects and Trading, to funnel $5.6 million in suspect payments to win contracts in Iraq. In 2018 he faced false accounting charges laid by corporate watchdog ASIC over unrelated dealings he had with Asian Global in connection with Leighton's Indian operations. In December 2018, Mr Waugh was found not guilty. The federal police case involves new allegations.

In the US, authorities are also investigating CIMIC over Leighton’s alleged bribery as part of the FBI’s sprawling Unaoil corruption inquiry. If the company is charged, the penalties could run into hundreds of millions of dollars, on par with the US government’s cases against other companies who hired Unaoil to pay their bribes such as UK behemoth Rolls Royce.

The AFP charges were prompted after the Unaoil reports in The Age and Herald in 2016, which also led to corruption probes across the globe. Unaoil was hired by Leighton Holdings’s offshore arm to help it secure work in Iraq as part of the Australian company’s international expansion plans under the leadership of chief executive Wal King. Mr King remained CEO until early 2011.

Former Australian executive arrested, charged over alleged oil bribery plot 5ed2e8f34de04341905a63066176d1e6d1009eb3

Former Leighton executive Russell Waugh outside court in 2018.CREDIT:PETER BRAIG

There is no suggestion in the Australian case that Mr King knew of the alleged bribery in Iraq, although the case against Mr Waugh alleges that the bribery took place during Mr King’s last eight months as Leighton CEO.
The brazenness of Unaoil’s criminal offending was laid bare in an unsealed indictment filed in the US in 2019. The US government has accused Unaoil of paying bribes on behalf of up to 25 multinational firms over more than a decade.
To protect their scheme the Ahsani brothers issued legal threats and claims of innocence while shredding files. The Ahsanis were actively destroying evidence in March and April 2016 at the same time as Unaoil was instructing its Australian lawyer to threaten The Age and the Herald with defamation suits and to brief reporters from other media outlets on the Ahsanis’ innocence and the unfairness of the journalism that had exposed their corruption.

https://www.smh.com.au/business/companies/former-australian-executive-arrested-charged-over-alleged-oil-bribery-plot-20200918-p55wv1.html
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Former Australian executive arrested, charged over alleged oil bribery plot Empty Re: Former Australian executive arrested, charged over alleged oil bribery plot

Post by GirlBye on Sat Nov 21, 2020 5:00 pm

Former Australian executive arrested, charged over alleged oil bribery plot Thumbs_b_c_13ae503be4d1d6f1ba8e1c292c7c7a4e


ANKARA
A man has been arrested in Australia and warrants are out for two others over an alleged multimillion-dollar international corruption investigation involving Iraqi officials, police said on Wednesday.


The Australian Federal Police (AFP) said the arrest is part of a nine-year international corruption and bribery investigation, which also involved US and UK authorities.
The main targets of the “bribery scheme” were officials of Iraq’s Oil Ministry and government officials in the South Oil Company of Iraq, the federal police said.


“In November 2011, the AFP received a report from Australian-registered company Leighton Holdings Limited about alleged improper payments made by Singapore registered operating entity Leighton Offshore Pte Ltd, regarding two contracts with Iraq Crude Oil Export in 2010 and 2011,” read the statement.


The consequent investigation centered on “two contracts for development and installation of onshore and offshore oil pipelines” and bribes allegedly paid to land those contracts. “The investigation identified approximately USD 77.6 million in suspicious payments made via third party contractors,” the statement said.
The AFP, working with the UK’s Serious Fraud Office and the US Justice Department and Federal Bureau of Investigation, “seized more than two million documents related to the projects; [and] obtained evidence from 10 countries.”


Arrest warrants were issued for three men – aged 54, 60, and 62 – this week. The 54-year-old man was arrested in Brisbane on Wednesday and “charged with two foreign bribery offences.” “He was also charged with allegedly engaging in conduct to falsify books linked to the corporation, and knowingly providing misleading information,” the statement added.


The man has been released on bail to appear at Sydney Central Local Court on 2 December 2020.
However, the man has been released on bail and ordered to appear before the Sydney Central Local Court on Dec. 2.

https://www.aa.com.tr/en/asia-pacific/australia-man-arrested-2-wanted-for-iraqi-oil-bribes/2047724
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