Ex Oman Oil CEO has 23 year sentence quashed

Muscat Daily today carried on it's front page the latest instalment into the Ahmed al Wahaibi corruption charges. The Supreme Court has quashed the judgement of a lower court on charges brought on allegations of bribery, money laundering and abuse of power. Ahmed al Wahaibi used to be the CEO of the Oman Oil Company, and it was during his time as CEO that the prosecution allege the naughty stuff took place.

For those that don't remember the details of the case, I blogged about it last year in March when the sentence was handed down by the Court of First Instance. It was 10 years & RO 4 million for accepting bribes, 10 years for money laundering and 3 years and RO 1 million for abuse of office. 23 years and RO 5 million, a rather large amount of cheddar.

So, obviously, when getting hit with that kind of judgement, Ahmed kicked the case upstairs to the Court of Appeal, who also found him guilty of all counts. Not accepting this (and considering the stakes who blames the man) he kicked it upstairs again to the Supreme Court for an appeal.... and today we learned the outcome of it! A total quashing of ALL the charges and a re-trial set for next week, on the 16th of February. With, and get this, a fresh panel of judges.

It strikes me as odd as the other 2 people connected to this case, a Korean man (from LG) who did the bribing (to win a $1 billion petrochemical Contract in Sohar) by the name of Mr Myung Jao Yoo and Ahmed al Wahaibi's assistant, Adel al-Raisi, have both admitted to the bribe and the money laundering.

The case, is, in a nutshell like this: LG wanted to win the gig in Sohar, and so Mr Myung (vice-CEO of LGI) popped over to Muscat and had a chat with Mr Wahaibi. Then miraculously $8million turned up in a Caribbean registered company owned by Mr Wahaibi, who then very kindly gave Mr Myung a "birthday gift" along with some cash to his assistant Mr Raisi.

Now it turns out that Ahmed al Wahaibi didn't know why a tendering company would accidentally drop $8 million into his Caribbean registered bank account while he had a tender out for a $1 billion Contract and then felt very generous giving some of this money away again, before stashing the rest of it in a Swiss bank account. He apparently admits that it was a mistake to accept the monetary gift (of $8 million - who the hell gives people they don't know $8 million!!!) but that this had nothing to do with his work (and subsequent award of the $1 billion contract to LG). It's all been a big misunderstanding you see.

And so the wheels turn. Meanwhile Mr Myung and Mr Raisi continue to serve their sentences in the Sumail Shangri-la.

More on the 16th February then I guess.

le fin.
Ex Oman Oil CEO has 23 year sentence quashed Ex Oman Oil CEO has 23 year sentence quashed Reviewed by Sythe on Thursday, February 12, 2015 Rating: 5


  1. OK so a re conviction looks like the only logical course. We assume this is not the intent....
    So sad to see this as an outcome when all were heartened than Oman would not tolerate corruption.

  2. If you shake the highest posts in the gov. sector, I'm sure up to 100s of heads will fall under the bribery cases. Another thing, 23yrs is a ridiculous judgement. Even 1st degree murder doesn't get 23yrs. Put it this way, the whole system is a joke.

  3. And what about Mohammed Ali? Lots of rumours that he is back doing porridge, well supported by the fact that his hotel up by the airport has apparently stopped paying bills.

  4. Hey Sythe

    Looky here!


    Scroll down for the Oman section.


This is a free blog hosted in the USA, comments are not moderated and should be treated as individual observations made by the commenter, they are not the views of the author of this blog unless specifically noted as such (eg a comment posted under the account of the blog owner). Should an individual or company wish a specific comment(s) removed please contact me at mrsythe[at]gmail[dot]com and inform me and I will delete it as soon as I read the email.

Powered by Blogger.