The UK Serious Fraud Office confirmed that it has opened a new investigation into KBR, Inc.’s United Kingdom subsidiaries for suspected bribery and corruption.
An oil and gas or mining company can avoid all kinds of reputational and legal challenges by swearing off deals with certain corruption warning signs. This month’s developments in an evolving scandal might have Royal Dutch Shell wishing it had done so.… Continue Reading
There’s a growing sense that agents and intermediaries that facilitate corrupt deals are immune from prosecution in the UK.
The Unaoil case — and it should be stressed that no allegations of corruption against the company have been proven — provides an opportunity to rectify this perception of impunity for intermediaries.… Continue Reading
Buried deep within the judgment rejecting Unaoil’s judicial review that I talked about in the prior post, Lord Justice Gross makes a very important point, namely that such challenges to Serious Fraud Office investigations should be “very rare.”… Continue Reading
On March 29, two senior UK judges dismissed an attempt by Unaoil to challenge an SFO investigation into allegations that the company paid bribes around the world. It is the latest in a fast-growing list of failed judicial reviews against the SFO brought on shaky legal grounds.… Continue Reading
A court in London Wednesday dismissed a lawsuit by Unaoil and its controlling family to quash the fruits of a search police in Monaco conducted last year at the request of the UK Serious Fraud Office.… Continue Reading
The UK Serious Fraud Office said Friday it is investigating ABB Ltd’s United Kingdom subsidiaries, their officers, employees, and agents for suspected bribery and corruption.
International success now depends on business leaders having “the foreign policy acumen to distinguish what they can and cannot do,” according to John Chipman, the director-general and chief executive of the International Institute for Strategic Studies.… Continue Reading
A Gabonese national who was allegedly paid $3.5 million for facilitation services in Africa by hedge fund Och-Ziff was arrested this week as part of an FCPA investigation.
Here’s a free preview of FCPA Today — a curated compliance newsletter for busy people.
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The day’s relevant Anti-Bribery Enforcement and Compliance news and commentary are delivered in a morning newsletter.… Continue Reading
Unaoil said in a statement Tuesday that it has instructed its lawyers to start legal action against Fairfax Media and its partners for “malicious and damaging allegations negligently published” by them.… Continue Reading