SFO pulls plug on Kaupthing investigation – The Independent

Posted October 16th, 2012 in banking, evidence, news, Serious Fraud Office by tracey

“The Serious Fraud Office (SFO) today called a halt to its high-profile three-year investigation into the UK’s links to a failed Icelandic bank.”

Full story

The Independent, 15th October 2012

Source: www.independent.co.uk

SFO removes preference for civil settlement from Bribery Act self-reporting guidance – OUT-LAW.com

Posted October 11th, 2012 in bribery, news, prosecutions, Serious Fraud Office by sally

“Businesses that ‘self-report’ illegal acts of bribery to the Serious Fraud Office (SFO) could still face prosecution in cases where there is a ‘reasonable prospect of conviction’ and if it is ‘in the public interest’ to do so, the SFO has said.”

Full story

OUT-LAW.com, 11th October 2012

Source: www.out-law.com

Serious Fraud Office denies dropping its inquiry into Robert Tchenguiz – The Guardian

Posted September 17th, 2012 in bail, news, Serious Fraud Office by sally

“The Serious Fraud Office has denied that it is poised to abandon its investigation into Robert Tchenguiz, despite releasing the property magnate from his bail conditions late last week.”

Full story

The Guardian, 16th September 2012

Source: www.guardian.co.uk

Asil Nadir jailed for ten years for ‘theft on a grand scale’ – Daily Telegraph

Posted August 23rd, 2012 in false accounting, fraud, news, sentencing, Serious Fraud Office, theft by sally

“Former fugitive Asil Nadir has been sentenced to 10 years in prison after being found guilty of stealing more than £28 million from his Polly Peck business empire.”

Full story

Daily Telegraph, 23rd August 2012

Source: www.telegraph.co.uk

The City deserves a financial regulator with clout – The Guardian

Posted August 1st, 2012 in financial regulation, news, Serious Fraud Office, warrants by sally

“The language of the high court judgment in effect quashing search warrants against Mayfair property tycoon brothers Robert and Vincent Tchenguiz was not as critical of the Serious Fraud Office as might have been expected.”

Full story

The Guardian, 31st July 2012

Source: www.guardian.co.uk

Tchenguiz Brothers’ search warrants ruled unlawful – BBC News

Posted August 1st, 2012 in misrepresentation, news, search & seizure, Serious Fraud Office, warrants by sally

“Search warrants issued to the Serious Fraud Office as part of its investigations of property tycoons the Tchenguiz brothers were unlawful and obtained by ‘misrepresentation’, the High Court has ruled.”

Full story

BBC News, 31st July 2012

Source: www.bbc.co.uk

Serious Fraud Office launches Libor investigation – BBC News

Posted July 6th, 2012 in banking, fraud, interest, news, Serious Fraud Office by tracey

“The Serious Fraud Office (SFO) has confirmed that it has formally launched a criminal investigation into the rigging of inter-bank lending rates.”

Full story

BBC News, 6th July 2012

Source: www.bbc.co.uk

SFO must publish more information about bribery settlement cases, report says – OUT-LAW.com

“Criticism over the lack of detail that has emerged from corruption case settlements only serves to reinforce the need for deferred prosecution agreements (DPAs) to be introduced in the UK, an expert has said.”

Full story

OUT-LAW.com, 2nd April 2012

Source: www.out-law.com

SFO operations to be subject to ‘routine’ inspection – OUT-LAW.com

“The Crown Prosecution Service Inspectorate (CPSI) is to ‘shortly’ begin a review of the operations of the Serious Fraud Office (SFO), a spokesperson for the Government’s top legal advisors has said.”

Full story

OUT-LAW.com, 15th February 2012

Source: www.out-law.com

AIB fraud trial of Mayfair property tycoon collapses – The Guardian

Posted January 31st, 2012 in conspiracy, fraud, news, retrials, Serious Fraud Office by sally

“The trial of Achilleas Kallakis, the onetime Mayfair property tycoon accused of using forged paperwork to trick banks, including HBOS and Allied Irish Bank, into lending £750m, has collapsed after four months. A retrial has been ordered.”

Full story

The Guardian, 30th January 2012

Source: www.guardian.co.uk

Corruption self-reporters not disadvantaged by own investigative restrictions, SFO says – OUT-LAW.com

Posted January 24th, 2012 in bribery, corruption, fraud, news, Serious Fraud Office by sally

“The Serious Fraud Office (SFO) may formally investigate alleged corruption at firms that self-report the activity but will be mindful not to harm the company’s reputation, the head of the organisation has said.”

Full story

OUT-LAW.com, 24th January 2012

Source: www.out-law.com

Laws on deferred prosecution agreements to be consulted on next year – OUT-LAW.com

“The Serious Fraud Office (SFO) has backed plans to introduce plea bargaining in fraud cases in a bid to reduce the cost of investigations and encourage businesses to self-report. It has said that it supports the passing of new laws to make that process possible.”

Full story

OUT-LAW.com, 6th December 2011

Source: www.out-law.com

Key fraudster behind wines and spirits ‘Ponzi’ scheme gets five years – The Guardian

“One of the key figures behind a Mayfair-fronted Ponzi scheme has been sentenced to five years imprisonment after admitting his part in a multimillion-pound wine and spirits investments fraud targeted at American doctors.”

Full story

The Guardian, 17th August 2011

Source: www.guardian.co.uk

Macmillan Publishers ordered to pay £11.3m – BBC News

Posted July 22nd, 2011 in bribery, corruption, costs, fines, news, publishing, Serious Fraud Office by sally

“Macmillan Publishers has been ordered to pay £11.3m for ‘unlawful conduct’ related to its education division in East and West Africa.”

Full story

BBC News, 22nd July 2011

Source: www.bbc.co.uk

Phone hacking: Serious Fraud Office considering investigation into News Corp – Daily Telegraph

Posted July 18th, 2011 in corruption, fraud, media, news, police, Serious Fraud Office by sally

“The Serious Fraud Office will give ‘full consideration’ to calls for it to launch an investigation into Rupert Murdoch’s News Corporation, a spokeswoman said today.”

Full story

Daily Telegraph, 18th July 2011

Source: www.telegraph.co.uk

Corporate hospitality must be reasonable and proportionate says SFO – OUT-LAW.com

Posted July 12th, 2011 in bribery, corruption, news, Serious Fraud Office by tracey

“The Serious Fraud Office (SFO) will look at five factors when considering whether corporate hospitality breach new anti-corruption laws, it has said.”

Full story

OUT-LAW.com, 11th July 2011

Source: www.out-law.com

Solicitor General: Speech to Annual Conference of the Institute of Money Laundering Prevention Officers – Attorney General’s Office

“Solicitor General: Speech to Annual Conference of the Institute of Money Laundering Prevention Officers on 16th May 2011.”

Full speech

Attorney General’s Office, 16th May 20111

Source: www.attorneygeneral.gov.uk

Bribery Act: CPS/SFO Prosecution Guidance Published – Crown Prosecution Service

“Today, the Director of Public Prosecutions (DPP), Keir Starmer QC, and the Director of the Serious Fraud Office (SFO), Richard Alderman, issued joint guidance for prosecutors on the Bribery Act 2010.”

Full press release

Crown Prosecution Service, 30th March 2011

Source: www.cps.gov.uk

Standard Life Assurance Ltd and another v Topland Col Ltd and others – WLR Daily

Standard Life Assurance Ltd and another v Topland Col Ltd and others [2010] EWHC 1781 (Ch); [2011] WLR (D) 92

“The disclosure of information by a person to the Serious Fraud Office (‘SFO’) pursuant to the latter’s statutory powers under the Criminal Justice Act 1987 did not give rise to any implied undertaking to any court not to use the documents other than for the purposes of a prosecution, actual or potential, or any undertaking to the court not to provide them to any person other than through one of the gateways under section 3 of the Act.”

WLR Daily, judgment reissued 14th March 2011

Source: www.iclr.co.uk

Please note that once a case has been reported in one of the ICLR series the corresponding WLR Daily summary is removed.

De La Rue faces Serious Fraud Office inquiry over ‘falsified documents’ – The Guardian

Posted September 8th, 2010 in documents, fraud, news, Serious Fraud Office by sally

“Banknote printer De La Rue is at the centre of its second Serious Fraud Office probe in three years following allegations of corruption by the company’s employees totalling at least £1m.”

Full story

The Guardian, 7th September 2010

Source: www.guardian.co.uk