Author: Joshua L. Ray 15 December 2021
With disclosure failings by the Serious Fraud Office leading to former Unaoil executive Zia Akle’s bribery conviction being quashed, Joshua Ray outlined the case’s importance to Thomson Reuters.
Josh explained to Thomson Reuters’ Regulatory Intelligence that the court’s quashing of the conviction was sending a message to prosecutors.
The Court of Appeal took the decision to impose the strongest possible sanction – dismissal with prejudice. This, Josh argued, was the court’s way of making it clear that any disclosure failures on the part of prosecutors will be very closely scrutinised.
In the future, prosecutors will need to defend the decision not to disclose. The judgment by the Court of Appeal in this case will be used as a guide.
Josh's article featured in Thomson Reuters Regulatory Intelligence. (Subscription required)
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.