Corrupt oil executives face jail for £650 million bribery plot

Three corrupt executives who tried to bribe an Iraqi power broker to win a £650 million oil deal are facing jail. Executives at Monaco-based oil company Unaoil hoped to secure highly lucrative contracts in Iraq after the overthrow of dictator Saddam Hussein in April 2003. Stephen Whiteley, 64, and Ziad Akle, 45, were convicted of involvement in the scandal after former partner Basil Al Jarah, 70, admitted five conspiracy charges. The businessmen paid £4.6m in bribes to secure the oil…