During parliamentary questions in December 2016, Amber Rudd, the Home Secretary, announced that “The Cabinet Office will look at the UK’s response to economic crime more broadly” including the role and effectiveness of the Serious Fraud Office.… Continue Reading
The UK Serious Fraud Office said Friday a court approved its second application for a deferred prosecution agreement to settle Bribery Act and related offenses committed in several foreign countries.
The SFO didn’t name the company involved because of “ongoing related litigation.”… Continue Reading
A former manager of a polymer banknote manufacturer was convicted Wednesday in London of four counts of making corrupt payments to a foreign official.
Peter Chapman, 54, used to work for Innovia Securency PTY Ltd.… Continue Reading
A good friend of mine who ended his career as a very senior police officer once gave me an excellent piece of advice. He told me that anyone can manage an organization when things are going well — it is when things become difficult that true leaders emerge.… Continue Reading
The director of the UK Serious Fraud Office spoke Monday at the annual Cambridge Economic Crime Symposium at Jesus College.
One question David Green answered is why SFO cases take so long to conclude.… Continue Reading
At Pinsent Masons regulatory conference in London a few weeks ago, David Green, the chief of the UK Serious Fraud Office, talked about how many known frauds happen on his turf.… Continue Reading
At the Cambridge Symposium on Economic Crime at Jesus College Tuesday, David Green QC, the head of the UK Serious Fraud Office, described what he called a cross section of the SFO’s current caseload.… Continue Reading
The UK Serious Fraud Office could decide “as soon as next month” whether to charge former Barclays executives over undisclosed payments the bank made to Qatar’s sovereign wealth fund in 2008, when the Bank was trying to raise money during the credit crunch.… Continue Reading
Four former Innospec executives were sentenced in a London court Monday for their roles in bribing officials in Indonesia and Iraq, with three of the men given prison terms, the Serious Fraud Office said.… Continue Reading
The Serious Fraud Office said Thursday it has started criminal proceedings “against an Alstom company in the UK by written charge.”
Alstom Network UK Ltd, formerly called Alstom International Ltd, a UK subsidiary of Alstom, was charged with three corruption offenses, and three counts of conspiracy to corrupt.… Continue Reading
Two former executives of Delaware-based Innospec were found guilty Wednesday in London of bribing Indonesian officials to buy the company’s gasoline additive.
Dennis Kerrison, a former Innospec chief executive, and Miltiades Papachristos, a former regional sales director, were convicted by a jury at the Southwark Crown Court of conspiracy and bribery.… Continue Reading
An Australian ringleader and his British co-conspirators have been found guilty of defrauding investors of more than $117 million in the UK’s biggest boiler-room prosecution, the Serious Fraud Office said.
Jeffrey Revell-Reade, 49, was convicted last week of leading a conspiracy that cheated more than 1,000 investors who were sold shares in companies that didn’t exist.… Continue Reading