No business can operate without bankers — not even the bribery business.
British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.
Halliburton, KBR and other corporate conglomerates relied on Unaoil to deliver them lucrative contracts with corrupt regimes in oil-rich nations. But without the help of banks like HSBC and Citibank, none of Unaoil’s operations would have been possible.
The US Senate on Monday confirmed Chris Wright, a fracking executive, to be Donald Trump’s energy...
The small town of Carrboro, North Carolina is suing one of the country's largest electric utilities,...
Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity,...
