Corporate Officials Get Jail Terms!

OOC boss gets 23 years jail term in graft case

Thursday 27th, February 2014 / 22:47

Written by Oman Observer  in Head stories

Ordered to pay RO 8 million fine; 2 others sentenced – 

By Zakaria Fikry –

MUSCAT — The Court of First Instance in Muscat yesterday sentenced the CEO of Oman Oil Company (OOC) to 23 years in jail, a fine of RO 8 million and ordered him to be sacked from his post permanently in connection with the Sohar Aromatics case. The second accused in the case — who is a former adviser to the ministry of national economy — was awarded 10 years in jail, a fine of RO 4 million and deportation for a life-long after severing his term.

The third accused — CEO of South Korea’s LGI Corporation — was sentenced to 10 years imprisonment and a fine of RO 4 million as well as deportation for a life-long after serving his jail term. The court also ordered the restoration of $8 million to the public treasury and that the defendants settle the litigation.

Last December the Public Prosecution accused the CEO of Oman Oil Company with abuse of office, accepting bribes from LGI to facilitate a $1.6 billion pact for construction of the a petrochemical aromatics plant at Sohar industrial port for the Korean firm. In return the defendant took $8.4 million in bribe which he deposited in a Swiss bank. The defendant was convicted of exploiting his position for personal interests, bribery and money laundering

The second defendant was convicted of taking bribes and the third — Korean national CEO of LGI Corporation — was found guilty of offering bribe to procure the contract.

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Omani CEO jailed for 23 years in graft case: Court

(Reuters) –

A court sentenced the CEO of state-owned Oman Oil Company to a total of 23 years in jail on Thursday for accepting bribes, abuse of office and money laundering, the most severe punishment meted out in a series of corruption trials that began last year.

The judge at the Court of First Instance in Muscat also convicted Adel al-Raisi, a former aide to the minister of the now-dissolved economy ministry, of organizing a bribe made by a senior official at a South Korea-based firm to Oman Oil Company CEO, Ahmad al-Wahaibi, and sentenced him to 10 years in jail.

The court found the vice CEO of the Korean-based LGI, named in court as Myung Jao Yoo, guilty of paying $8 million to a Caribbean-registered company owned by Wahaibi after winning a billion rial petrochemical project in Sohar Port in Oman.

Myung was also jailed for 10 years. LGI was not immediately available for comment on the court’s verdict.

Oman’s Sultan Qaboos has waged an anti-graft campaign to defuse mass protests in several Omani cities in 2011 that were mainly directed against graft and to demand jobs, issues that fuelled uprisings around the Arab world in the same year.

More than 20 civil servants and businessmen have gone on trial in Oman since last year.

Court documents said the latest case dated back to 2011, when Omani authorities were informed by their Swiss counterparts about suspicious transactions involving Wahaibi’s Swiss bank account. The trial began in December last year.

Oman Oil Company is an investment arm of the government of Oman with over 40 investments inside and outside Oman.

Wahaibi admitted in court to receiving money from Myung but pleaded not guilty to the charge of taking bribes, saying he “didn’t know why LGI transferred $8 million” into his company.

Raisi also pleaded not guilty. He said his confessions during questioning were not genuine

and that he only admitted brokering the deal and receiving the money under pressure.

Myung admitted in court that he had received money from Wahaibi but said he did not remember why. “Maybe it was a birthday gift. I don’t remember,” he told the court.

Apart from the prison sentences, Raisi and Myung were each fined 4 million rials. Myung would be deported after serving his sentence, the court ruled.

Oman Oil Company said in a statement it was committed to “enforcing a stringent code of ethics and corporate governance practices across all levels of the organization”.

Its Deputy CEO, Mulham Al Jarf, said he was given the “rights, responsibilities and authorities of the CEO in August 2013 to ensure that the business operations of the company remain uninterrupted,” the statement added.

At the hearings, Wahaibi admitted that after the cash was deposited into the accounts of his company, he had given the two other defendants their shares of the cash.

The court sentenced Wahaibi to 10 years in jail and fined him 4 million rials ($10.39 million) for accepting bribes, 10 years for money laundering and one million rials and three years in prison for abuse of office.

The court also confiscated all the bribe money in his frozen Swiss bank account. Lawyers confirmed Wahaibi’s sentences would run successively.

($1 = 0.3850 Omani rials)

bribe 2 bribery-in-business[1]Corruption AMoney 2Money 1

Images For Demonstration Purposes Only!

The Incorrigibles (In)Corruptible!

Please Note – Posted Also At: –

My New Websitewww.majidwrite.com

And also atwww.majidall.com

Corruption 1

Images Corruption – For Demonstration Purposes Only!

For Wednesday – November 20th  2013.

Between Us Only!

The Incorrigibles (In)Corruptible! 

Incorrigible – means somebody or something that is impossible or very difficult to control, correct or reform 

Incorruptible – means not to be bought – not open to bribery – honorable – honest and morally upright

  • Allah cursed the one who pays a bribe, the one who takes it and the mediator between      the two –  The Islamic      Hadith
  • The  son of Adam will not pass away from Allah until he is asked about five      things: how he lived his life, and how he utilized his youth, how did he      earn his wealth, how did he spend his wealth, and what did he do with his      knowledge      – Tirmidhi
  • I will not  let anyone walk through my mind with their dirty feetGhandi

 Corruption 2

Images Corruption – For Demonstration Purposes Only!

There is a running commentary about a certain place also notorious for bribery and corruption that it starts from the moment you board their national airline to the time you check out from your hotel and return – and that it is always advisable to carry small denominations of foreign currencies – especially USA Dollars – the  preferred one – to give out. This is in order to avoid unnecessary hassles – whether real or created – and woe to you if you wish not to engage! Everybody is in corruption – and everybody gives corruption – even if needed or not!

Frankly, I have always suspected that there was some ‘measured levels’ of corruption – most of it implied and hidden – but it was a real shocker to me to find it ‘real and live’ when I had my Consultancy a decade back. I wrote about these things before some years back – and you can find my previous articles here. This is in response to those that have been asking me why I do not write on the subject – like others have done?

Corruption A

Images Corruption – For Demonstration Purposes Only

You see the point is – even if I do – nobody pays attention or read what I write – even if it is worthwhile causes like Road Safety Awareness – where people outside were ready to invest to propagate my book Being The Safe Driver! – if I could chip in US Dollars 5000 – 50% – and they would contribute the rest – to see the message and theme propagated in all the US Television channels in the format of video marketing advertising! I do not know if it is a question of bribery – or that I am just unlucky! Anyway, the titles are there – in my books and in my columns – written over 2 years ago – Being Exemplary In Life! – How Rich Can One Get? – Are You looking For A Bribe? – Taking The High Road! – Investigative Reporting! – Some Will Never Change! and Can You Buy Respects?

Our Late Father always used to lecture us – Do not take anything that does not belong to you – and avoid temptations – living beyond your means – and going for bribery and corruption – even if it is offered to you! Deny – and refuse vehemently! I was watching Al Jazeera Television and it showed – in one of its programmes – of a certain place where if somebody needed a favour from you and came with a bribe – and you denied them – then you were easily targeted for annihilation and destruction in the format of a suicide bomber! That is how serious bribery and corruption has become as one of the major social, domestic, economic and political anathema and disease there!

  • When rich villains have need of poor ones, poor ones may make what price they will      – Shakespeare
  • The accomplice to the crime of corruption is frequently our own indifference – Bess Myerson

I remember one of the Contractors I used to deal with long time back lamenting to me – I have high respects and esteem for you – but either you are a naive person – or stupid (not said!) – and designated to remain always poor in life! How poetic and right he was – but I prefer to be this way only. If you have time – feel free to go through my articles mentioned above – as there is no point in re-inventing the wheel – just to fill in the number of words required for the article!

The real thing that has to be said here is that you cannot pin corruption and bribery to a certain face or character that you will see in life! Sometimes it is a great shocker to find somebody with great features, outlooks and personalities – respectable and polite full gentlemanly – to be involved! It is always a betrayal – and Life Great Learner! Sometimes it is so sad – and unbelievable – but that is life anyway – and how the cookie crumbles!

Some More Sayings on Corruption: –

  • Truly, Allah does not change the condition of a people until they change what is in themselves.- The Holy Quran 13:11
  • The  eyes of the people are watching you!Sierra LeoneFight Against Corruption Banner
  • Corruption  is the abuse of entrusted power for private gain. It hurts everyone who      depends on the integrity of people in a position of authorityTransparency      International
  • The difference between a corrupt and a honest person; the corrupt person has a price and the honest person has valueNeha
  • It is not power that corrupts but fear. Fear of losing      power corrupts those who wield it and fear of the scourge of power      corrupts those who are subject to itAung San Suu Kyi
  • Absolute power corruptsFamous

Happy National Day Greetings!

Take Care!

By Majid Al Suleimany