In a perfect world the Solicitor General will get his proposals for deferred prosecution agreements (DPAs) through the House in their current form. Those who then discover ‘economic crimes’ within their organisations will queue up on Elm Street to disclose their corporate wrongs, hundreds of millions will be paid over in fines and compensation orders and all this will be achieved without an extra penny being added to the Serious Fraud Office’s budget.… Continue Reading
Reuters reported today that Paul Jennings, the former CEO of Innospec’s U.K. operations, pleaded guilty to corruption charges in a London court.
‘Jennings pleaded guilty to two counts of conspiracy to corrupt in relation to bribes paid in both Indonesia and Iraq,’ Reuters said.… Continue Reading
Ousama Naaman, the only individual to face criminal charges in the United States for the Innospec bribery scandal, could have his thirty-month prison term shortened by a year or more.
Judge Ellen Segal Huvelle gave Naaman credit for time served in her final judgment imposing his thirty-month prison sentence.… Continue Reading
The Serious Fraud Office said the former sales and marketing director in the U.K. for Innospec pleaded guilty this week to three criminal counts of conspiracy to corrupt.
David Turner, 56, appeared Tuesday at the Southwark Crown Court in London.… Continue Reading
Two former CEOs of Innospec businesses were charged with corruption in the U.K. last week.
The Serious Fraud Office said Dennis Kerrison and Paul Jennings appeared before Westminster Magistrates’ Court Thursday on charges ‘surrounding alleged corrupt payments to gain public contracts in Indonesia.’… Continue Reading
In the run up to Ousama Naaman’s status hearing on October 19, there’s plenty going on.