SKIP TO MAIN CONTENT

Monaco raids Unaoil offices over global oil corruption probe

Monaco is investigating global corruption allegations against oil company Unaoil while Opposition Leader Bill Shorten is calling for a Senate inquiry into the claims relating to Australian companies.

Allegations of global corruption in the oil industry are being investigated in Monaco in relation to oil company Unaoil.
Allegations of global corruption in the oil industry are being investigated in Monaco in relation to oil company Unaoil. Source: AAP

2 min read

Published

Source: Reuters


Skip to article content

Monaco has raided the homes and offices of oil company Unaoil after a UK request for assistance in an investigation into alleged corruption involving foreign companies in the global oil sector, the principality said in a statement.

Monaco said in the statement on its government web site that it had received an urgent request for international judicial assistance in criminal matters from Britain's Serious Fraud Office (SFO).

A joint report by Australia's Fairfax Media and the Huffington Post reported that the U.S. Department of Justice and anti-corruption police in Britain and Australia have launched a joint investigation into the activities of Unaoil.

Monaco-based Unaoil could not immediately be reached for comment, but the report quoted the company as denying any wrong doing.

Unaoil said on its web site it provided industrial solutions to the energy sector in the Middle East, Central Asia and Africa.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

The media reports, citing hundreds of thousands of emails, also link several multinationals to corrupt practices including claims of bribery and rigging contracts to win oil contracts in countries such as Kazakhstan and Iraq.

The Australian Federal Police did not immediately respond to a request for comment. The U.S. Department of Justice cited its policy of declining to confirm nor deny whether a matter is under investigation and declined to comment further.

Britain's SFO could not immediately be reached for comment.

Australian companies WorleyParsons and Primary Health Care, both named in the media reports, denied any relationship with Unaoil.

Senate inquiry

Opposition Leader Bill Shorten in pushing for a Senate inquiry into the corruption allegations, which could force company executives to give evidence.

"Now, when it comes to anti-corruption, Mr Turnbull's always out there bashing the unions, but he's been disappointingly silent on the conduct of Australian multinationals engaged in global bribery," the ABC reported Mr Shorten saying on Friday.

"Mr Turnbull just wants to talk about unions and undermining the safety net of Australia's working conditions — well he's got a fight on his hands.

"We want to have a Senate inquiry into the revelations that we've seen about global bribery."


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world