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Monaco’s Ahsani brothers plead guilty in U.S. to vast bribery scheme

Monaco’s Ahsani brothers plead guilty in U.S. to vast bribery scheme

By Cassandra Tanti - October 31, 2019

Two brothers from the Ahsani family, who ran Monaco-based oil and gas consultancy Unaoil, have pleaded guilty in the United States to being part of a 17-year scheme to pay millions of euros in bribes to officials in nine countries. 

The U.S. Department of Justice said on Wednesday that Cyrus Ahsani, 51, and his 46-year-old brother Saman each pleaded guilty in March to one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) on behalf of companies to secure oil and gas contracts.

They will be sentenced on 20th April 2020, the department said.

Steven Hunter, a 50-year-old British resident and former business development director, also pleaded guilty in August to one count of conspiracy to violate the FCPA.

U.S. prosecutors said that the Ahsanis, who are British citizens, conspired with others, including multiple companies and individuals, to bribe government officials in Algeria, Angola, Azerbaijan, the Democratic Republic of Congo, Iran, Iraq, Kazakhstan, Libya and Syria from around 1999 to 2016.

Cyrus Ahsani, the former Unaoil chief executive, and Saman Ahsani, who was once chief operating officer, laundered the proceeds of their bribery scheme and destroyed evidence to obstruct investigations in the U.S. and elsewhere, claim prosecutors.

Hunter participated in the conspiracy by facilitating bribes to Libyan officials between about 2009 and 2015.

 

Source: Reuters

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