Tag Archives: Innospec

Anti-Bribery and Corruption, Fraud, Deception and False Claims November 6, 2014

Civil fraud damages claims begin in the UK following a corruption prosecution by the SFO and the DOJ against Innospec and others

In a recent decision of Mr Justice Flaux in the case Jalal Bezee Mejel Al-Gaood & Partner v Innospec Limited and Others, the Claimants sued for damages which they claimed arose as a result of the Defendants having bribed the Iraqi Ministry of Oil (“MOO”) to purchase their chemical products, TEL. The claim for damages… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims August 18, 2014

Coming clean – the argument for cooperating with the SFO on corporate crime*

the fear of future prosecution by US prosecutors may be the driving force in corporate defendant's decision-making processes whether to cooperate with UK prosecutors in a current investigation… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims March 20, 2014

Ethical Business Conduct: An Enforcement Perspective

We at the BriberyLibrary concur with the Director's reasoning in favour of self-reporting. When you consider all the risks of the alternative, in 99% of cases, it must be the right decision for the corporate… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends March 19, 2012

Deferred prosecution agreements to be introduced as a bill in the next parliament

In our view, the Solicitor General's confirmation that DPAs would be introduced into UK law is a very positive step forward in the enforcement of complex international crime. Although the road to its introduction may be bumpy, it is clear that he is very determined that it should happen and he is working with the judiciary to ensure that it is a success.… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Fraud, Deception and False Claims March 15, 2012

“Enforcing the law on fraud and corruption: does self reporting pay?”

Our view, at the BriberyLibrary, is that for many people and corporations this new policy must be regarded as a sea change in attitude. Hitherto, prosecutors have been regarded with great fear and suspicion… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends January 30, 2012

Transparency International UK “Deterring and Punishing Corporate Bribery” new publication

TI states that the report intends to provoke discussion and to make recommendations to the UK government and prosecuting authorities that will "help to ensure just, fair and transparent outcomes".… Continue Reading

Enforcement and Prosecution Policy and Trends January 19, 2012

Innospec, another chapter in the long-running corruption enforcement

One question is: will the Serious Fraud Office now pursue the shareholders of Innospec for dividends paid out as the proceeds of the corrupt activities, under the Proceeds of Crime Act,… Continue Reading

Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation October 28, 2011

Innospec Ltd: Former executives charged with fraud and corruption offences

Following the news that a former Business Unit Director of Innospec Ltd, David Turner, appeared before Westminster Magistrates' Court on Tuesday, charged with conspiring to make corrupt payments to public officials in Indonesia and Iraq, the Serious Fraud Office ("SFO") announced yesterday that two further Innospec executives have now been charged with associated corruption offences.… Continue Reading

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