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Statement from Unaoil

14 June 2016

Unaoil has instructed its lawyers to commence legal action against Fairfax Media and its partners in relation to the malicious and damaging allegations negligently published by these media organisations and repeated by other media organisations globally.

In the months following the publication of sensationalist allegations against Unaoil by Fairfax Media and its partners, Unaoil, its directors as well as its staff, have sustained unprecedented reputational and financial damage.

Unaoil estimates its damages to be over $100m and intends to hold Fairfax Media and its partners to account for their irresponsible and injurious reporting.

Unaoil is also filing a criminal complaint with law enforcement in Monaco in relation to the theft of company data and awaits the outcome of the investigation.

Since the exposure in the press of a criminal conspiracy to extort the company, Unaoil has continued to receive serious and personally threatening communications from persons seeking to unlawfully damage Unaoil and its operations.