Ousted Oil Executive Testifies that Millions Funneled to Himself Were Proper

The former head of U.S. operations for a German oil and gas concern denied under oath Wednesday that he defrauded his former employer by funneling millions of dollars in commissions and royalties to himself through a shell “consulting” company and a financial institution he controlled.

Bernard Tubeileh, a German national, said all the transactions in question were aboveboard and executed with the approval of his superiors in Germany, including the chief executive officer of Global Oil & Gas AG, a company Tubeileh co-founded in 2006.