fraud Archives - Panorama Insurance Brokers

Iraq’s Latest Corruption Convictions …

By John Lee. Iraqi courts have recently sentenced several people regarding corruption in office: The Central Criminal Court has issued two judgments six years in prison against Bahaa Alaa Abd and Ali Saleh Hadi, due to the offense of interference of the first person to appoint the second in the position of Director General of… Read More

New Program to Counteract Financial Crime in Iraq

New program to help counteract serious financial crimes in Iraq The United Nations Development Programme (UNDP) in Iraq, in partnership with the United States Government and the Supreme Judicial Council of Iraq has launched a multi-year training initiative today, to strengthen and improve complex organized and financial crime investigations in Iraq. The training program, called… Read More

30 Years Jail for Bank Fraud in Amara

By John Lee. Iraq’s Commission of Integrity (COI) has announced that an accountant at the Al-Amara branch of the Agricultural Cooperative Bank has been given a 30-year prison sentence for the embezzlement of 996 million Iraqi dinars ($680,000). Her assets were also seized, and she will be required to repay the amount. A former director… Read More

Embezzlement Alleged at Amarah’s Entertainment City

By John Lee. A court in Amarah has issued a warrant for the arrest of an ex-director of the Entertainment City. According to a statement from the Supreme Judicial Council, the former director is accused of embezzling “a huge amount from collection during his job“. (Source: Supreme Judicial Council)

UK National Charged with Bribery in Iraq Reconstruction

United Kingdom National Charged with Bribery and Kickback Scheme Involving Iraqi Reconstruction Contracts A United Kingdom national is charged with wire fraud and conspiracy to commit bribery for his role in a scheme involving the award of millions of dollars of U.S. Army Corps of Engineers (USACE) reconstruction contracts in Iraq, Acting U.S. Attorney Rachael… Read More

Former Unaoil Exec Jailed over Bribery in Iraq

Former Unaoil executive sentenced for paying bribes to win $1.7-billion worth of contracts Basil Al Jarah has today been sentenced to three years and four months’ imprisonment for paying in excess of $17m in bribes to dishonestly secure approximately $1.7bn worth of contracts in post-occupation Iraq. Al Jarah, Unaoil‘s former Iraq partner, conspired with others… Read More

US Charges Two over Alleged Bribery in Iraq

Two individuals have been charged with bribery offenses in connection with Department of Defense contracts as part of the Fraud Section’s ongoing efforts to combat corruption and fraud in contracting on U.S. military installations overseas. Mark Alan Fryday, 37, and Lara Jumaah Mohammed, 30, both residing in Erbil, Iraq, were charged in an indictment filed… Read More

Second former Unaoil Executive Sentenced for Bribery

Second former Unaoil executive sentenced for bribery in post-occupation Iraq Stephen Whiteley, Unaoil‘s former territory manager for Iraq, has today become the second Unaoil executive to be sentenced for paying over $500,000 in bribes to secure a $55m contract to supply offshore mooring buoys. He was sentenced by HHJ Beddoe to 3 years’ imprisonment. This… Read More

Iraq Corruption Case: Former Oil Execs Convicted

By John Lee. The UK’s Serious Fraud Office (SFO) has secured convictions against two former oil executives who conspired to give corrupt payments to secure contracts in Iraq. A jury at Southwark Crown Court found Ziad Akle guilty on two counts and Stephen Whiteley guilty on one count of conspiracy to give corrupt payments. The… Read More

Iraqi Govt to prepare Urgent Study on Social Security Fraud

By John Lee. The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister extended his condolences and paid tribute to Dr. Hisham Al-Hashimi who was assassinated by a group of armed outlaws. The Prime Minister said that the perpetrators of… Read More