For at least ten years, Germany’s financial regulator heard detailed complaints from reliable sources about a $2 billion accounting fraud at Wirecard AG but failed to act.… Continue Reading
In December 2016, Risk Advisory hosted a dinner in Washington, DC, at which the Director of the Serious Fraud Office, David Green, kindly agreed to engage in a conversation with me.… Continue Reading
Indonesia authorities said that as part of the global investigation into chemical maker Innospec Inc, two individuals were convicted and sentenced for bribery offenses.
A court in Jakarta convicted Suroso Atmomartoyo in late October, according to a case update posted by the UK Serious Fraud Office.… Continue Reading
The UK Serious Fraud Office filed its annual report for the year ended March 31, 2015 with the government Tuesday.
Here’s director David Green’s foreword:
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I present the Annual Report for the Serious Fraud Office for the reporting year 2014-15.… Continue Reading
The danger of litigating, at least to trial, on the back of criminal conduct giving rise to guilty pleas and convictions both under the FCPA and similar English legislation was illustrated in the recent case of Jalal Bezee Mejel Al-Gaood v Innospec Ltd.… Continue Reading
The court of appeal Friday upheld UK convictions against two defendants, Dennis Kerrison and Miltiades Papachristos, in the long-running Innospec bribery case.
But the justices reduced Kerrison’s sentence from four years to three.… 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
On June 30, the Justice Department and other federal and state agencies announced the long awaited settlement in the BNP case. The bank forfeited $8.8 billion and paid fines of $140 million for the “hat-trick of sanctions violations” — unlawfully offering the U.S.… 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
New scholarship from Elizabeth Spahn tackles the opportunities and risks behind the new trend of multi-national antibribery enforcement.
It’s a topic crucial to nations joining the war against graft. And it’s no less important to anyone facing the threat of enforcement by two or more countries.… Continue Reading