Afren former executives sentenced for fraud and money-laundering
October 30, 2018 | Company Operations, Legal, Management
London, UK | – The former CEO and COO of collapsed upstream company Afren were sentenced to up to six years in prison on Monday after they were convicted of fraud and money laundering over a $300 million business deal, Britain’s Serious Fraud Office (SFO) said. Former Afren Chief Executive Osman Shahenshah and former Chief Operating Officer Shahid Ullah laundered more than $45 million, some of which was used to buy luxury properties in Mustique and the British Virgin Islands, the SFO said. “The significant sentences …