Serious Fraud Office – Current Awareness

SFO v Petrofac: Plea bargain versus DPAs and the importance of good compliance – 5SAH

Posted November 10th, 2021 in bribery, chambers articles, confiscation, deferred prosecution agreements, fines, imprisonment, news, plea bargaining, sentencing, Serious Fraud Office, suspended sentences by sally

‘On 4 October 2021, Petrofac Limited (“Petrofac”) was sentenced at Southwark Crown Court following guilty pleas to seven counts of failing to prevent bribery contrary to section 7 of the Bribery Act 2010. This followed a four-year corruption and money laundering investigation conducted by the Serious Fraud Office (“the SFO”) and the earlier guilty pleas of David Lufkin, former Global Head of Sales, who was sentenced on the same occasion. This followed pre-charge plea discussions between the parties with agreement being reached as to scope of the indictment and approach to sentencing.’

5SAH, 19th October 2021

Source: www.5sah.co.uk

But the Assets are Already Frozen! Where Civil Freezing Orders and Criminal Restraint Orders Collide – Gatehouse Chambers

Posted July 29th, 2021 in administrators, appeals, assets recovery, chambers articles, injunctions, news, proceeds of crime, Serious Fraud Office by sally

‘The Claimants were two companies and their respective administrators, who alleged in the main proceedings that substantial sums had misappropriated, by or for the benefit of the Defendants, or otherwise in circumstances giving rise to liability on the part of the Defendants.’

Gatehouse Chambers, 27th July 2021

Source: gatehouselaw.co.uk

Oil firm led by Tory donor investigated over alleged bribes in nine countries – The Guardian

Posted June 21st, 2021 in bribery, corruption, energy, miners, news, political parties, Serious Fraud Office by tracey

‘A multinational oil firm which was led by a major Conservative donor has been under investigation for allegedly paying million-pound bribes to secure contracts in nine countries. The anti-corruption agency the Serious Fraud Office (SFO) has been examining allegedly suspicious payments made by the UK-based firm Petrofac.’

The Guardian, 20th June 2021

Source: www.theguardian.com

Case Comment: R (on the application of KBR, Inc) v Director of the Serious Fraud Office – UKSC Blog

Posted February 24th, 2021 in appeals, criminal justice, disclosure, foreign jurisdictions, fraud, investigatory powers, news, Serious Fraud Office, Supreme Court by sally

In this post, Omar Qureshi, Eoin O’Shea, Amy Wilkinson and Karishma Gadhia, who all work at CMS and have a special interest in corporate crime matters, comment on the decision handed down by the UK Supreme Court earlier this month in the matter R (on the application of KBR, Inc) v Director of the Serious Fraud Office [2021] UKSC 2, which concerned whether the Director of the Serious Fraud Office can issue a notice pursuant to section 2(3) of the Criminal Justice 1987 requiring a foreigner to produce material held overseas.

UKSC Blog, 24th February 2021

Source: ukscblog.com

High Court refuses to strike out solicitor’s surveillance harassment claim – Legal Futures

Posted November 30th, 2020 in damages, data protection, fees, fiduciary duty, harassment, negligence, news, privacy, Serious Fraud Office, solicitors, spying, striking out, trespass by sally

‘The High Court has refused to strike out claims of harassment brought by a solicitor and his wife over surveillance of them carried out at the instruction of a former client.’

Legal Futures, 30th November 2020

Source: www.legalfutures.co.uk

FCA pursues Gavin Woodhouse’s ex-business partner in high court – The Guardian

Posted November 13th, 2020 in administrators, care homes, financial services ombudsman, fraud, news, Serious Fraud Office by tracey

‘The former business partner of the disgraced entrepreneur Gavin Woodhouse is being pursued by the Financial Conduct Authority in the high court over alleged links to care home investments in which investors appear to “have lost at least £30m”.’

The Guardian, 12th November 2020

Source: www.theguardian.com

POCA disclosure orders, notices and overseas recipients (Faerman v SFO): James Fletcher for Lexis Nexis – 5SAH

Posted August 12th, 2020 in Administrative Court, chambers articles, disclosure, news, proceeds of crime, Serious Fraud Office by sally

‘Although the Serious Fraud Office (SFO) did not bring to the court’s attention a Supreme Court decision (that held a notice issued under a disclosure order could not be sent to someone outside the jurisdiction) that did not invalidate the disclosure order itself and the non-disclosure was not sufficient to merit the discharge of the disclosure order.’

5SAH, 30th July 2020

Source: www.5sah.co.uk

Serious Fraud Office prosecutes Airbus subsidiary over alleged corruption – The Guardian

Posted July 31st, 2020 in airlines, corruption, misfeasance in public office, news, Saudi Arabia, Serious Fraud Office, weapons by sally

‘The Serious Fraud Office (SFO) is prosecuting a UK subsidiary of Europe’s largest aerospace multinational, Airbus, along with three men over alleged corruption in an arms deal with Saudi Arabia.’

The Guardian, 30th July 2020

Source: www.theguardian.com

G4S fined £44m by Serious Fraud Office over electronic tagging – The Guardian

Posted July 13th, 2020 in contracting out, electronic monitoring, fines, fraud, Ministry of Justice, news, Serious Fraud Office by sally

‘Security firm G4S has been fined £44m by the Serious Fraud Office (SFO) as part of an agreement that will see it avoid prosecution for overcharging the Ministry of Justice for the electronic tagging of offenders, some of whom had died.’

The Guardian, 10th July 2020

Source: www.theguardian.com

Libor rigging inquiry shut down by Serious Fraud Office – BBC News

Posted October 21st, 2019 in banking, codes of practice, fraud, inquiries, interest, news, public interest, rates, Serious Fraud Office by sally

‘An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed.’

BBC News, 19th October 2019

Source: www.bbc.co.uk

ENRC targets SFO in £70m ‘privilege breach’ claim – Law Society’s Gazette

Posted March 28th, 2019 in misfeasance in public office, news, privacy, Serious Fraud Office by sally

‘The saga surrounding the Serious Fraud Office’s (SFO) long-running probe into Eurasian Natural Resources Corporation (ENRC) took another twist this week as the multinational mining group filed a £70m High Court claim accusing the fraudbusting agency of misfeasance in public office.’

Law Society's Gazette, 27th March 2019

Source: www.lawgazette.co.uk

Fraud trial of former Barclays bosses puts SFO under scrutiny – The Guardian

Posted January 7th, 2019 in banking, conspiracy, fraud, news, Serious Fraud Office, trials by sally

‘A long-awaited fraud trial of four former Barclays executives will begin this week over charges related to a £12bn rescue package secured from investors including Qatar at the height of the financial crisis.’

The Guardian, 6th January 2019

Source: www.theguardian.com

Two Tesco directors cleared of fraud as judge labels case ‘weak’ – The Guardian

Posted December 7th, 2018 in fraud, judges, juries, news, Serious Fraud Office by tracey

‘Two former Tesco executives accused of masterminding a fraud that triggered the biggest financial crisis in the supermarket chain’s 100-year history have been cleared after the judge threw out the case stating the prosecution case was “so weak” it should not be before a jury.’

The Guardian, 6th December 2018

Source: www.theguardian.com

Courts uphold ‘ground breaking’ UK first unexplained wealth order – OUT-LAW.com

Posted October 17th, 2018 in assets recovery, burden of proof, disclosure, enforcement, fraud, national crime agency, news, proceeds of crime, reporting restrictions, Serious Fraud Office, unexplained wealth orders by sally

‘The High Court has upheld the UK’s first unexplained wealth order (UWO), dismissing a legal challenge to the order obtained by the National Crime Agency (NCA) earlier this year.’

OUT-LAW.com, 16th October 2018

Source: www.out-law.com

SFO will not appeal landmark litigation privilege ruling – OUT-LAW.com

Posted October 5th, 2018 in appeals, bribery, confidentiality, corruption, documents, fraud, Law Society, news, privilege, Serious Fraud Office, Supreme Court by tracey

‘The Serious Fraud Office (SFO) will not appeal to the Supreme Court last month’s ruling that documents generated in connection with an investigation into the Eurasian Natural Resources Corporation (ENRC) were protected by litigation privilege, it has confirmed.’

OUT-LAW.com, 3rd October 2018

Source: www.out-law.com

‘Deceitful’ £17m solar panel scam gang jailed for fraud – BBC News

Posted October 3rd, 2018 in elderly, fraud, news, sentencing, Serious Fraud Office, victims by sally

‘Six men have been jailed over a £17m fraud involving selling solar panels to elderly, retired and vulnerable people.’

BBC News, 2nd October 2018

Source: www.bbc.co.uk

SFO increasingly using power to demand information without court approval – OUT-LAW.com

Posted September 27th, 2018 in disclosure, investigatory powers, news, Serious Fraud Office by tracey

‘The Serious Fraud Office (SFO) is increasingly using its powers to demand information from large businesses without the need to ask for court approval, new data has shown.’

OUT-LAW.com, 26th September 2018

Source: www.out-law.com

ENRC sues Serious Fraud Office over ‘whistleblower failures’ – Law Society’s Gazette

Posted June 14th, 2018 in misfeasance in public office, news, privilege, Serious Fraud Office, whistleblowers by tracey

‘The mining company at the centre of a row over professional privilege has called for an independent inquiry into the Serious Fraud Office (SFO), accusing the office of failing to investigate a whistleblower’s letter.’

Law Society's Gazette, 14th June 2018

Source: www.lawgazette.co.uk

Barclays Bank charged by Serious Fraud Office over Qatar loan – The Independent

Posted February 12th, 2018 in banking, loans, news, prosecutions, Serious Fraud Office by tracey

‘The UK’s fraud watchdog has charged Barclays Bank over making a loan to Qatar back in 2008.’

The Independent, 12th February 2018

Source: www.independent.co.uk

Fraud office future secure as government eyes economic crime reform – Law Society’s Gazette

Posted December 12th, 2017 in crime, fraud, national crime agency, news, Serious Fraud Office by sally

‘The future of the Serious Fraud Office has been secured under plans aimed at tackling economic crime – though it will have to answer to a newly created oversight body.’

Law Society's Gazette, 11th December 2017

Source: www.lawgazette.co.uk

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