Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Tag Archives: “Serious Fraud Office”

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends

Oxford University Press pays substantial civil settlement fine for corrupt overseas contracts and is debarred from World Bank tenders

This appears to be the first civil settlement approved by the new Director of the SFO, David Green QC. It confirms what he has said publicly, that he will agree to civil settlements where appropriate (even though they have been the source of criticism in the past) but the SFO will prosecute when it is the public interest to do so.… Continue Reading
Anti-Bribery and Corruption

RICO suit being pursued in the US, relating to the charges brought against Victor Dahdaleh by the Serious Fraud Office

The RICO suit....reinforces our view that...when defendants become involved in allegations of corruption they may have to face multiple sets of criminal proceedings around the world as well as civil suits and the threat of public procurement debarment in the United States and the European Union. Winning contracts by illegal means can lead to the perfect legal storm.… Continue Reading
Enforcement and Prosecution Policy and Trends

MABEY AND JOHNSON – SFO OBTAINS CIVIL RECOVERY ORDER AGAINST SHAREHOLDER

The Serious Fraud Office has taken action in the High Court under Part 5 of the Proceeds of Crime Act which has resulted in an Order for a parent company, Mabey Engineering (Holdings) Ltd, to pay £131,201 in recognition of sums it received through share dividends derived from contracts won through unlawful conduct by one of its subsidiaries, Mabey and Johnson Limited, in which it was a principal shareholder.… Continue Reading
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation

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
Anti-Bribery and Corruption, Enforcement and Prosecution Policy and Trends

Corruption Investigation Into EADS/GPT – Will The Government Block This One too?

So one might take the view that "here we are again" five years later more allegations of corruption; involving a Saudi Royal again; the only difference is it is a UK subsidiary of EADS/GPT, on this occasion, and not British Aerospace. Presumably the Cameron government is faced with the same sort of dilemma, with similar pressure from the Saudi government.… Continue Reading
Enforcement and Prosecution Policy and Trends

Self reporting under the Bribery Act: Why only ten companies so far?

Incentives to self report are a major part of effective anti-corruption enforcement in the US and the Guidance issued by the Ministry of Justice attempts to lay the groundwork for a similar culture of self reporting in the UK. But, absent the same freedom to engage in plea bargaining that its US counterpart, the Department of Justice, enjoys, does the Serious Fraud Office have the tools to incentivise self reporting sufficiently?… Continue Reading

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