A London jury convicted on Wednesday a former executive of Single Buoy Moorings Inc. (SBM) for conspiring to bribe Iraqi public officials in order to secure lucrative oil contracts in the years following the overthrow of Saddam Hussain in 2003, the U.K.Serious Fraud Office (SFO) said in a statement.

A London court sentenced the former partner of the Monaco-based oil and gas consultancyUnaoil to three years and four months in jail for bribing Iraqi officials to secure contracts worth some US$1.7 billion in post-occupation Iraq.