In a much-needed win for the Serious Fraud Office, two out of three defendants it was prosecuting for corruption in the Unaoil case were found guilty by a London jury Monday after 19 days of deliberations.… Continue Reading
Identifying and compensating overseas victims of corruption is a major challenge that prosecutors have yet to adequately address. As Jeffrey Kaplan recently discussed in a post for the FCPA Blog, when corruption is treated as victimless, it may allow those involved in the crime to “feel comfortable with their participation.”… Continue Reading
It is five years since Deferred Prosecution Agreements (DPAs) came into force in the UK. In that time they have become such an established part of the corporate crime landscape that any UK-based company which is under investigation for fraud or bribery by the SFO will now give serious thought to pursuing a DPA.… Continue Reading
The UK’s Serious Fraud Office (SFO) enjoys a mixed reputation as far as other law enforcement agencies are concerned, in particular the police.
American national and former deputy general counsel at the FBI, Lisa Osofsky, the head of the SFO, has effectively admitted defeat over several of its investigations, which were started before her tenure at the SFO.… Continue Reading
The strong-arm tactics employed by federal prosecutors in the United States may be about to hit the UK, thanks to the Serious Fraud Office’s (SFO) new head, Lisa Osofsky, a former FBI lawyer.… Continue Reading
The UK Serious Fraud Office said Friday it has closed bribery investigations into UK-based GlaxoSmithKline PLC and individuals at subsidiaries of Rolls-Royce Holdings PLC.
SFO director Lisa Osofsky said in a statement there was “either insufficient evidence to provide a realistic prospect of conviction or it is not in the public interest to bring a prosecution in these cases.”… Continue Reading
A former global sales director for Alstom Power Ltd was jailed for four years and six months Friday for his role in a conspiracy to bribe Lithuanian officials to win two contracts worth $274 million. … Continue Reading
The UK Serious Fraud Office charged two former employees of an instrument and monitoring company over corrupt payments to South Korean officials.
Dr. Cansun Guralp, founder of Güralp Systems Limited, and Andrew Bell, managing director, conspired to make corrupt payments to a public official and employee of the Korea Institute of Geoscience and Mineral Resources (KIGAM), the SFO said Friday.… 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
The UK’s Serious Fraud Office (SFO) is pursuing its investigation of alleged corruption at Paris-based Alstom now that the Attorney General has given the agency permission to prosecute the company and former employees for alleged overseas bribery, if deemed appropriate.… 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
The Legal Incentives for Corporate Integrity Training is a three-day program designed to strengthen corporate integrity and cooperation, focusing on self-reporting and other corporate incentives.… Continue Reading