Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Confiscation order against former executives
The Serious Fraud Office secured a confiscation order exceeding £5.4 million against Shahenshah and Ullah after their convictions.
2017
Fraud and money-laundering prosecution
Former chief executive Osman Shahenshah and former chief operating officer Shahid Ullah were prosecuted following a two-year Serious Fraud Office investigation and were later convicted of fraud and money laundering.
2015
Unauthorised bonus-payment allegations
Afren removed chief executive Osman Shahenshah and chief operating officer Shahid Ullah after allegations that they had received unauthorised bonus payments from an Afren joint-venture partner.
2015
Questions over the administration process
Stakeholders criticised the involvement of Blackstone in Afren’s administration and raised concerns about a possible conflict of interest in the winding-up process.