Saman Ahsani Archives - FCPA Professor

Saman Ahsani Sentenced

By Mike Koehler on January 31, 2023 in FCPA Sentences, Saman Ahsani, Unaoil

As highlighted in this prior post, in October 2019, the DOJ announced that Cyrus Ahsani and Saman Ahsani (the former CEO and Chief Operations Officer of Monaco-based Unaoil) pleaded guilty in March 2019 to one count of conspiracy to violate the FCPA for their roles in a scheme to corruptly facilitate millions of dollars in bribe payments to officials in multiple countries.

The DOJ also announced that Steven Hunter (a former business development manager at Unaoil) pleaded guilty in August 2018 to one count of conspiracy to violate the FCPA.

As noted in the DOJ’s release, the Ahsanis were scheduled to be sentenced in April 2020 and Hunter was scheduled to be sentenced in March 2020.

However, this August 2022 post highlighted how the defendants still had yet to sentenced and wondered when sentencing would occur.

When Will The Unaoil FCPA Defendants Be Sentenced?

By Mike Koehler on August 10, 2022 in Cyrus Ahsani, FCPA Sentences, Saman Ahsani, Steven Hunter

The DOJ also announced that Steven Hunter (a former business development manager at Unaoil) pleaded guilty in August 2018 to one count of conspiracy to violate the FCPA.

As noted in the DOJ’s release, the Ahsanis are scheduled to be sentenced in April 2020 and Hunter is scheduled to be sentenced in March 2020.

However, sentencing has yet to occur.

DOJ Announces Guilty Pleas By Former Unaoil Executives

By Mike Koehler on October 31, 2019 in 2019 Enforcement Actions, Algeria, Angola, Azerbaijan, Congo, Cyrus Ahsani, DOJ Enforcement Action, Foreign Nationals, Foreign Official, Foreign Officials, Gaining Access to Confidential Documents, Iran, Iraq, Kazakhstan, Libya, Oil and Gas Industry, Saman Ahsani, Steven Hunter, Syria, Unaoil, Uncategorized

Yesterday, the DOJ announced that Cyrus Ahsani and Saman Ahsani (the former CEO and Chief Operations Officer of Monaco-based Unaoil) pleaded guilty in March 2019 to one count of conspiracy to violate the FCPA for their roles in a scheme to corruptly facilitate millions of dollars in bribe payments to officials in multiple countries. The DOJ also announced that Steven Hunter (a former business development manager at Unaoil) pleaded guilty in August 2018 to one count of conspiracy to violate the FCPA.

Prior Foreign Corrupt Practices Act enforcement actions against Rolls-Royce and SBM Offshore (see here and here) involved, in whole or in part, Unaoil and the Ahsani information refers to approximately 25 other companies including approximately ten U.S. based issuers. Thus, it is likely that additional FCPA enforcement actions involving, in whole or in part, Unaoil will be forthcoming.

Friday Roundup

By Mike Koehler on November 17, 2017 in Basil Al Jarah, Brazil, FCPA Reform, Internal Controls, ISO 37001, Jurisdiction, Kokesh, Microsoft, Monitor, Multimedia, Saman Ahsani, SBM Offshore, SEC, Serious Fraud Office, Unaoil, United Kingdom, Ziad Akle

Quotable, SEC Annual Report, it’s called the rule of law – deal with it, across the pond, more ISO 37001 puff pieces, monitor related, for your viewing pleasure, and for the reading stack. It’s all here in the Friday roundup.

Quotable

To those still hyperventilating about Foreign Corrupt Practices Act enforcement in the Trump administration (see here and here), perhaps this might calm you down. As reported here by Wall Street Journal Risk & Compliance: “[FCPA Unit Chief Daniel Kahn dismissed the suggestion that President Donald Trump‘s previous criticism of the FCPA has had any effect on the department’s enforcement of the law. Mr. Kahn said he “spanned both administrations,” referring to Mr. Trump’s predecessor, President Barack Obama, adding, “I am continuing to do what I do.”

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Saman Ahsani Sentenced

When Will The Unaoil FCPA Defendants Be Sentenced?

DOJ Announces Guilty Pleas By Former Unaoil Executives

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