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U.K. Court Sentences Former Unaoil Manager to 5 Years

A London court sentenced on Thursday Ziad Akle, the former manager of the Monaco-based energy consultancy Unaoil, to five years behind bars for paying over US$500,000 in bribes to secure a $55 million contract to supply offshore mooring buoys in Iraq.

In Global First, Cypriot National Extradited to USA for Fraud

The United States activated its extradition treaty with Cyprus, extraditing last week one Cypriot and one Lebanese citizen from the Mediteranean island to face justice in the United States. It is the first time in history a Cypriot has been extradited to the US.