Legion Troll
A fine upstanding poster
On Wednesday, reporters Richard Baker and Nick McKenzie published the results of a months-long investigation of Unaoil, an obscure firm that helps big multinational corporations win contracts in areas of the world where corruption is common.
Based in Monaco but incorporated in the British Virgin Islands, Unaoil says it provides “industrial solutions to the energy sector.”
Hundreds of major international corporations — including Halliburton, Rolls-Royce and Samsung — counted on Unaoil to secure lucrative contracts in Iraq, Kazakhstan, Libya, Syria, Tunisia, and other countries in Africa, the Middle East, and the former Soviet Union, tens of thousands of internal emails and documents reveal.
It’s common for large multinational corporations to partner with smaller firms with local expertise to win contracts. But in many cases, Unaoil wasn’t winning contracts because of its expertise — it was winning them by paying millions of dollars in bribes to corrupt officials.
By aiding the corruption of already-distrusted regimes and accelerating the flow of money and resources out of poor countries, Unaoil and its partners were creating political instability, turning citizens against their governments, and fueling al Qaeda and the Islamic State.
http://www.huffingtonpost.com/entry/unaoil-bribery-scandal-corruption_us_56fa2b06e4b014d3fe2408b9?cps=gravity_2425_-8944279849169661001