Bribery and Corruption

The UK's Competition and Markets Authority (CMA) is to produce regular 'state of competition' reports in a global first for competition regulators.

Businesses active in UK markets can expect the Competition and Markets Authority (CMA) to "take on a more active role in global cases" impacting competition and consumer protection from 2021, the agency's chief executive has said.

https://www.pinsentmasons.com/out-law/news/brexit-cma-global-cases

The Airbus DPA shows sky's the limit for deferred prosecution of bribery and corruption charges

https://www.thelawyer.com/airbus-dpa-shows-skys-the-limit-for-deferred-prosecution-of-bribery-and-corruption-charges/

The Competition and Markets Authority (CMA) should consider issuing "more targeted and concise" questionnaires to businesses they seek cooperation from in their studies of UK markets, a competition law expert has said.

https://www.pinsentmasons.com/out-law/news/tech-company-fine-uk-market-study-questionnaire-response

A London court today approved a record €991m (£833m) fine for Airbus in exchange for suspending the prosecution of alleged bribery.

https://www.cityam.com/airbus-agrees-to-pay-record-e991m-uk-fine-in-e3-6bn-global-bribery-settlement/

LONDON (Reuters) - The daughter of one of the founders of mining group ENRC has been found guilty of “wilfully” obstructing an investigation into allegations of fraud, bribery and corruption, the UK Serious Fraud Office (SFO) said on Thursday.

https://uk.reuters.com/article/uk-britain-enrc-machkevitch/daughter-of-enrc-founder-found-guilty-of-obstructing-uk-fraud-office-idUKKBN1ZT1TD

Investors in embattled Lekoil, which was last week embroiled in an extraordinary saga involving a fake investment fund, could breathe a sigh of relief today the operator of the Nigerian oil field the fake loan was meant to support said it would delay the deadline of Lekoil’s payment of $9.6m for costs.

https://www.cityam.com/lekoil-receives-stay-of-execution-as-operator-delays-payment-deadline/

The consultancy which is alleged to have brokered Lekoil’s loan deal with a Qatari wealth fund has issued a statement announcing its own investigation into the matter.

https://www.cityam.com/lekoil-fraud-scandal-firm-says-it-will-help-investigation/

Jan 8 (Reuters) - Ousted Nissan boss Carlos Ghosn says he fled to Lebanon last week to escape a “rigged” justice system in Japan, where he believed he would not get a fair trial.

https://uk.reuters.com/article/nissan-ghosn-extradition/factbox-carlos-ghosn-joins-list-of-execs-fighting-extradition-idUKL8N29C3SU

An assistant manager at a football club and two football agents have been found guilty of accepting and paying bribes to facilitate the transfer of players at Barnsley Football Club, following an investigation by the City of London Police’s Fraud Squad.

http://news.cityoflondon.police.uk/r/1303/three_found_guilty_of_paying_and_accepting_bribes