Saturday, October 31, 2020

Ex-Afren CEO and COO convicted of fraud and money laundering over $300m oil business deal

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Two former executives of collapsed oil firm Afren were convicted on Wednesday of fraud and money laundering offences relating to a $300 million business deal, the UK’s Serious Fraud Office (SFO) said. Former Afren Chief Executive Osman Shahenshah and former Chief Operating Officer Shahid Ullah received more than $17 million and laundered $45 million.. […]

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