‘A property dealer jailed for one of the UK’s biggest mortgage frauds a decade ago has been ordered to pay a further £92,500 – money which was recovered from a settlement over a donation to a private school.’
Law Society’s Gazette, 17th March 2023
Source: www.lawgazette.co.uk
‘The UK subsidiary of commodities trader Glencore was today ordered to pay £281 million in a fine, confiscation order and costs in the largest ever such penalty in a corporate criminal conviction. Glencore is the first business to be convicted under the Bribery Act 2010 for the active authorisation of bribery rather than a failure to prevent it.’
Law Society's Gazette, 3rd November 2022
Source: www.lawgazette.co.uk
‘The Serious Fraud Office must prevent third parties having ‘direct access’ to the watchdog’s director and ensure all prosecutions have an “effective disclosure strategy”, a review into the calamitous Unaoil bribery case recommended today – as a third man jailed after the investigation had his name cleared.’
Law Society's Gazette, 21st July 2022
Source: www.lawgazette.co.uk
‘A second man jailed for three and a half years over a multimillion-dollar bribery conspiracy to secure oil infrastructure contracts in Iraq has had his conviction quashed by the Court of Appeal.’
The Independent, 24th March 2022
Source: www.independent.co.uk
‘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
‘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
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
‘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
‘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
‘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
‘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
‘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
‘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
‘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 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
‘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
‘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
‘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
© Inner Temple Library 2023