Prosecution of corporate fraud has just taken a giant step forward in the United Kingdom.
The case against Mabey & Johnson, a construction firm accused of using bribes to win business, made history earlier this month when the company agreed to plead guilty to charges filed by the British government’s Serious Fraud Office. It is the first time a corporation in the United Kingdom has ever settled a fraud investigation via plea bargain, and many believe the case will be a landmark for future anti-fraud enforcement in the country.
Unlike the United States and many other countries, Britain has never ...