Former Afren executives accused of money laundering

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September 5 2018

Two former top executives at the collapsed oil and gas company Afren have gone on trial accused of money laundering and fraud linked to $400m in Nigerian business deals. The Serious Fraud Office alleges that between 2012 and 2014, Osman Shahenshah, the energy group’s ex-chief executive, and Shahid Ullah, its former chief operating officer, abused their positions to secretly divert some of the millions of dollars the company paid to two Nigerian partners for their personal gain.