/ News / Legal Director Joshua Ray looks closely at the need for caution on multilateral development bank projects with Global Banking and Finance
Author: Joshua L. Ray 13 August 2020
With a recent court case having extended US prosecutors’ extraterritorial reach when it comes to tackling corruption, Rahman Ravelli’s Joshua Ray wrote about the possible implications for those accused of wrongdoing on multilateral development bank (MDB) projects.
In his article, which was published by Global Banking and Finance Review, Josh detailed how the decision in the case of United States v Napout was important as it established that bribery conducted outside of the US could be prosecuted there if US telecommunications had been used in the illegal scheme.
This wire fraud link to the US, Josh explained, could be crucial in prosecuting those accused of corruption involving MDB funds, as many MDBs are based in the US.
The full article can be read here.
Partner
joshua.ray@rahmanravelli.co.uk
+ 44 (0)203 947 1539 vCard
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.
