This week, the U.K.’s Serious Fraud Office (“SFO”), officially announced that it has been conducting a criminal investigation into Monaco-based Unaoil SAM, an oil industry consultancy firm. The investigation was launched in March of this year, spurring police raids of the offices and homes of the company’s officials. The investigation began on the heels of media reports by The Huffington Post and its Australian partner Fairfax Media which alleged that the company engaged in international bribery schemes to secure contracts in high-risk countries for its multinational clients. The SFO, however, does not cite specifically to these media outlets as their source, but instead contends that the agency has been approached by a number of sources.
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