The UK Serious Fraud Office (SFO) has issued its long-awaited guidance on corporate co-operation. For the first time in one place, the SFO has
Continue Reading ‘Above & Beyond’? Serious Fraud Office Issues Corporate Co-Operation Guidance – Part I
Beware of Strangers Bearing Gifts: UK ‘Business Integrity Initiative’ Aims to Support the Anti-Corruption Efforts of SMEs
The UK government’s Anti-Corruption Newsletter for Summer 2019, supported by ‘Anti-Corruption Champion’ John Penrose, MP for Weston-super-Mare, covers the latest developments in anti-corruption over
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The Serco Deferred Prosecution Agreement: A Lesson in Pragmatism
On 4 July 2019 at Southwark Crown Court, Mr Justice William Davis formally approved the fifth Deferred Prosecution Agreement (DPA) entered into by the UK’s
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M&A Deal Flushes Out Bribery Scheme Leaving Seller Director with a Multi-Million Pound Hangover and Jail Time
On 30 May 2019 the SFO issued a press release announcing that Carol Ann Hodson, the former director and owner of a company named ALCA
Continue Reading M&A Deal Flushes Out Bribery Scheme Leaving Seller Director with a Multi-Million Pound Hangover and Jail Time
I Smell a Rat: SFO Looks to Informants – Dangling the Carrot of Immunity?
Lisa Osofsky, the new director of the UK Serious Fraud Office, says her agency should use insiders and co-operators to bring to life by way
Continue Reading I Smell a Rat: SFO Looks to Informants – Dangling the Carrot of Immunity?
Top 5 Predictions for UK White Collar Defence in 2019
What does 2019 have in store for white-collar defence in the UK? In this GT Alert, we list our top 5 predictions relating to Serious
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Tips for Dealing with a ‘Dawn Raid’ or Search in the UK
Recent statistics show investigators taking a harder line and conducting increasing numbers of searches with the Serious Fraud Office more than tripling the number of
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SFO Carries out 30 Property Raids as Part of Criminal Investigations – Over Triple the Number the Year Before
But raids as part of asset seizure probes fall to zero
LONDON – 26 July 2018 – The UK Serious Fraud Office (SFO) launched 30
Continue Reading SFO Carries out 30 Property Raids as Part of Criminal Investigations – Over Triple the Number the Year Before
Bribery Update – Warning bells sound for investors
Written by Ifé O. Adebajo and Lisa Navarro
In January 2012, the highly publicised bribery case against the UK construction company Mabey & Johnson Limited (“M&J“) reached a climactic conclusion. The resulting decision has sent shockwaves through the hearts and wallets of shareholders and investors with interests in entities that carry on business in the UK.
Background
In 2009, M&J pleaded guilty to corruption offences and breach of UN sanctions for making payments of over £250,000 to Saddam Hussein’s Iraqi government in order to secure bridge-building contracts. In addition to custodial sentences being imposed on the responsible directors, M&J was fined £6.6 million and a comprehensive upheaval of its anti-bribery and corruption policies followed.
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