The investigation, which implicates an unspecified number of international oil companies, stems from a huge leak of confidential files from Monaco-based UNAOIL
PARIS—Monaco’s government is joining British investigators in unraveling “a vast corruption scandal” implicating an unspecified number of international oil companies, the tiny European principality said in a statement released late March 31.
The statement said several executives of the Monaco-based company UNAOIL had been questioned over the past few days and that their homes and headquarters had been searched following an urgent request from Britain’s Serious Fraud Office.
“These searches and interviews took place in the presence in the presence of British officials as part of a vast corruption scandal which implicates several foreign companies active in the oil sector,” the statement said. “Evidence will be used by British officials as part of their investigations.”
Few further details were made available and Monaco’s government did not immediately return messages. A UNAOIL spokeswoman said the company “has no comment at this time.” The Serious Fraud Office also declined comment.
UNAOIL was at the centre of a multi-part expose published March 30 by the Huffington Post and Australia’s Fairfax Media, which accuses the business of having “systematically corrupted the global oil industry” by delivering millions in bribes on behalf of well-known multinationals.
The company has denied the allegations. Asked by both publications whether UNAOIL paid bribes, the company’s Chief Executive Ata Ahsani was quoted as saying: “The answer is absolutely no.”
The publications said they drew on information gleaned from hundreds of thousands of internal emails between 2002 and 2012 for their six-month investigation.
Fairfax, which described the trove as “the biggest leak of confidential files in the history of the oil industry,” said the files held evidence of bribes paid to Middle Eastern oil chiefs and other officials, sometimes with the knowledge—and occasionally with the active participation—of the multinationals involved. Investigative reporter Nick MacKenzie said that initial tip-off about the scandal arrived in the mail, with instructions to place an ad in a French newspaper carrying the code words “Monte Christo” if he wanted to know more.
Fairfax said UNAOIL did not challenge of the authenticity of the documents involved and instead sent a letter through its lawyers demanding that Farifax wipe the material from its servers.