Top Recent Fraud Scandals in Oil and Gas

Top Recent Fraud Scandals in Oil and Gas

With CRI Group set to be an exhibitor at next week's Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016), it is the perfect time to take a look at some of the recent fraud scandals that have rocked the oil and gas industry.

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Chinese Official Who Hoarded Cash Convicted of Corruption

Chinese Official Who Hoarded Cash Convicted of Corruption

A former senior Chinese energy official found to have more than 200 million yuan ($29.99 million) in cash at his home has been given a suspended death penalty after being found guilty of corruption, state news agency Xinhua said on Monday.

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Ex-President of Brazil Faces New Corruption Charges

Ex-President of Brazil Faces New Corruption Charges

Federal prosecutors filed new corruption charges on Monday against Brazil’s former president, Luiz Inácio Lula da Silva, raising pressure on him and his family over dealings in Angola, the oil-rich country where Brazilian companies have aggressively raised their profile over the last decade.

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