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A UK commercial court has found that the former CEO of a London asset management group and a Swiss banker bribed foreign officials $25 million to cover up a scheme to defraud a Libyan sovereign wealth fund.
https://globalinvestigationsreview.com/article/1171821/two-executives-found-liable-for-libyan-fraud-and-bribery-scheme
Although the overall assessment of the formulation and implementation of the Act is positive, the figures illustrate that its enforcement has, so far, failed to meet these expectations.
https://www.wilmerhale.com/en/insights/blogs/WilmerHale-W-I-R-E-UK/20180702-the-bribery-act-2010-post-legislative-scrutiny
The Serious Fraud Office has commenced criminal proceedings against Unaoil Monaco SAM and Unaoil Ltd as part of an ongoing corruption prosecution.
https://www.sfo.gov.uk/2018/06/26/unaoil-group-companies-summonsed-as-part-of-sfos-ongoing-corruption-investigation/
A company was entitled to bring a claim for damages against a contractor which had paid bribes to its former managing director, regardless of whether it had affirmed its commercial relationship with the briber after the bribery came to light.
https://www.out-law.com/en/articles/2018/june/company-entitled-to-damages-despite-affirming-contract-in-bribery-case/
Top judges have criticised serious failures by police and prosecutors to disclose evidence of police corruption in an international fraud case
https://www.vanguardngr.com/2018/06/ibori-metropolitan-police-accused-hiding-fraud-case-corruption/
Some analysts say bribery that allegedly reached right to the top of the organisation has put off brands who do not want to be tarnished by association.
https://www.independent.co.uk/news/business/news/world-cup-2018-sponsorship-money-finances-brazil-fifa-corruption-russia-a8395806.html
A new book, Red Card, tells how US prosecutors exposed racketeering among American football officials – and revives fears that Fifa is being permitted to move on too quickly
https://www.theguardian.com/football/2018/jun/10/world-cup-2018-fifa-corruption-new-book-red-card
A new EU Anti-Fraud Programme will provide €181m to support the fight against fraud, corruption and financial irregularities in member states.
https://www.governmenteuropa.eu/eu-anti-fraud-programme-fight-corruption/87913/
The Serious Fraud Office has brought further charges against two individuals facing trial in relation to the Unaoil investigation.
https://www.sfo.gov.uk/2018/05/22/new-charges-in-sfos-unaoil-investigation-in-relation-to-us733-million-contract/
Glencore's chief executive is set to receive almost £90m in dividend payouts this week, just days after it emerged the Serious Fraud Office (SFO) is preparing to open a bribery investigation into the company.
http://www.cityam.com/286071/glencores-chief-executive-line-gbp87m-payout-week-just-days
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