chapter  3
26 Pages

Maritime Fraud and the Sale Contract

The South African Government, being unable to obtain Saudi Arabian Crude through normal legitimate channels, appears to have been prepared to overlook irregularities, for example in the documents of title, that would ordinarily have made the fraud impossible. Thus it seems that:17

They were also prepared to enter into a renegotiation with the conspirators, agreeing to accept the Kuwaiti oil in place of the originally agreed quantity of Saudi oil, albeit at a reduced price.