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RICS fines Sweett Group £125,000 in bribery case

Jaclyn Jaeger | August 23, 2016

Following the outcome of a disciplinary panel, the Royal Institute of Chartered Surveyors (RICS) this month found that Sweett Group “did not at all times act with integrity” concerning a bribery case relating to its Middle East operations.

RICS on Aug. 17 imposed a fine of £125,000, ordered the British property management, construction, and surveying company to pay costs of £4,590 and subject it to ongoing reporting obligations. The Sweett said it is currently considering whether to appeal.

As Compliance Week previously reported, the U.K. Serious Fraud Office in February sentenced and ordered Sweett Group to pay £2.25 million to resolve an SFO investigation into the company’s activities in the United...

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