All Serious Fraud Office articles – Page 3

  • Article

    ENRC and legal privilege


    Back in May, in a landmark decision, the Serious Fraud Office won the right to gain access to documents that a Kazakh mining company claimed were protected by professional privilege. Now that company has won the right to appeal.

  • Blog post

    SFO charges two in Unaoil investigation


    The U.K. Serious Fraud Office this week charged two individuals in relation to the ongoing Unaoil investigation.

  • Blog post

    F.H. Bertling employees sentenced in corruption case


    Three former senior employees of the F.H Bertling Group were today sentenced at Southwark Crown Court, the U.K. Serious Fraud Office announced.

  • Blog post

    SFO charges Afren executives with money laundering and fraud


    The U.K. Serious Fraud Office said that it is conducting a criminal investigation into oil and gas exploration company, Afren, concerning secret agreements with their joint venture partners in Nigeria.

  • Article

    U.K. officials talk enforcement, cooperation, more


    At the 35th Cambridge Symposium on Economic Crime, British government officials provided valuable insight on regulatory priorities and how to stay right under the eyes of the law.

  • Blog post

    SFO investigating Rio Tinto


    The U.K. Serious Fraud Office confirmed this week it has opened an investigation into suspected corruption by mining company Rio Tinto.

  • Blog post

    SFO investigating Amec Foster Wheeler


    The U.K. Serious Fraud Office confirmed that it has opened an investigation into the activities of London-based Amec Foster Wheeler for allegations of bribery, joining U.S. authorities in their bribery investigations into the energy services company.

  • Blog post

    SFO charges Barclays in Qatar capital-raising case


    The Serious Fraud Office has charged Barclays and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act.

  • Blog post

    Petrofac makes governance changes amid SFO probe


    The board of directors of oilfield services provider, Petrofac, recently announced a number of significant governance changes, amid a bribery and corruption investigation by the Serious Fraud Office.

  • Blog post

    SFO investigates Petrofac over Unaoil


    The U.K. Serious Fraud Office confirmed that it is investigating the activities of oilfield services provider Petrofac, its subsidiaries, and their officers, employees and agents for suspected bribery, corruption and money laundering.

  • Blog post

    U.K. probes KPMG for Rolls-Royce audits


    The United Kingdom’s independent accounting regulator said it has commenced an investigation into the conduct of KPMG for audits it performed on Rolls-Royce.

  • Blog post

    Rolls-Royce responds to $800M global resolution in FCPA case


    British engineering company Rolls-Royce has agreed to pay the United States nearly $170 million as part of an $800 million global resolution with U.S., U.K., and Brazilian authorities into a long-running bribery scheme. Jaclyn Jaeger reports.

  • Article

    SFO investigates Airbus for fraud, bribery, and corruption


    Five years after the Bribery Act, the Serious Fraud Office has yet to produce a major conviction. Will Airbus—the latest aerospace company under investigation—be its first big collar? Neil Hodge reports.

  • Blog post

    SFO brings charges in Tesco accounting scandal


    Tom Fox examines the Serious Fraud Office’s recent indictments against three individuals from the October 2014 Tesco scandal in which the British grocery chain overstated earnings by fraudulently accounting certain revenues received back from suppliers.

  • Blog post

    RICS fines Sweett Group £125,000 in bribery case


    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. Jaclyn Jaeger reports.

  • Article

    New blood at the Serious Fraud Office


    A report from Her Majesty’s Crown Prosecution Service Inspectorate has attacked the Serious Fraud Office for being a largely white, all-male board. Paul Hodgson examines the merits of the report and the SFO’s response.

  • Blog post

    SFO general counsel Alun Milford offers details on inner workings of SFO


    Image: During remarks at the European Compliance and Ethics Institute conference in Prague, Alun Milford, general counsel for the U.K. Serious Fraud Office, provided some rare insight into the inner workings of the SFO. He also provided some hints on cases that are on the horizon, including “a LIBOR-fixing trial ...

  • Blog post

    SFO brings more charges in Alstom case


    The U.K. Serious Fraud Office has brought further charges as part of its ongoing investigation of Alstom Network U.K., a U.K. subsidiary of French engineering company Alstom, this time against Alstom’s country president for the United Kingdom and managing director of Alstom Transport U.K. and Ireland. He is the seventh ...

  • Blog post

    Sweett Group to pay £2.25 million for Bribery Act violations


    The U.K. Serious Fraud Office last month sentenced and ordered the Sweett Group to pay £2.25 million ($3.21 million) to resolve an SFO investigation into the company’s activities in the United Arab Emirates. The conviction and punishment represents the first under Section 7 of the Bribery Act and offers many ...

  • Blog post

    U.K. SFO Drops Olympus Probe: Misleading Auditors Not a Crime


    The U.K. Serious Fraud Office has dropped a two-year case against Japanese endoscope maker Olympus Corp., in the wake of a London court ruling that doctoring reports to auditors is not a criminal offence under English law. The move is a setback for SFO Director David Green, who has been ...