PROSECUTORS SEEK 12 YEARS JAIL FOR SAMSUNG HEIR IN BRIBERY TRIAL
By Azizur Rahman.
South Korean prosecutors are seeking a 12-year jail sentence for Lee Jae-yong, heir to the Samsung empire, over his alleged involvement in large-scale bribery Lee has taken to the witness stand for the first time since his trial began in April. Read more
BAT SAYS IT WILL COOPERATE WITH SFO OVER AFRICAN BRIBERY ALLEGATIONS
By Azizur Rahman.
British American Tobacco (BAT) has stated that it intends to fully cooperate with a Serious Fraud Office (SFO) investigation into allegations it paid bribes in East Africa. Read more
RIO TINTO INVESTIGATED BY SFO
By Azizur Rahman.
The Serious Fraud Office (SFO) has opened a corruption investigation into Rio Tinto’s activities in Guinea, nine months after the mining giant reported itself to authorities in the UK and the US. Read more
LIBOR TRADERS MAKE ALLEGATIONS AGAINST SFO WITNESS
By Azizur Rahman.
Two former Libor traders, including one convicted for conspiracy to rig the global interest rate benchmark, have complained to the police about an expert witness used by the Serious Fraud Office (SFO). Read more
HALLIBURTON TO PAY $30M TO SETTLE ANGOLAN BRIBERY ALLEGATIONS
By Azizur Rahman.
Oil field services company Halliburton is to pay nearly $30 million to resolve allegations of bribery in Angola. Read more
EU CRITICISES COUNTRIES’ SLOW RESPONSE TO 4MLD
By Azizur Rahman.
Brussels has rebuked national governments in the EU for failing to apply rules to implement the Fourth Anti-Money Laundering Directive (4MLD). Read more
JANUARY 2019 FOR BARCLAYS TRIAL
By Azizur Rahman.
The trial of four former Barclays executives, on allegations they conspired to commit fraud over the bank’s 2008 fundraising with Qatar, will begin in January 2019. Read more
EUROPCAR INVESTIGATED FOR £30m OVERCHARGING
By Azizur Rahman.
Car hire giant Europcar has been accused of overcharging customers £30 million for damage to vehicles. Read more
SFO WARNS THAT BREXIT MAY HAMPER ITS INVESTIGATIONS
By Azizur Rahman.
The Serious Fraud Office (SFO) has expressed concern that its ability to tackle international corruption may suffer because of Brexit. Read more
GLOBAL AUDIT GIANT PWC IS BEING INVESTIGATED BY UK REGULATORS OVER A SCANDAL INVOLVING BT'S ITALIAN DIVISION.
By Azizur Rahman.
The Financial Reporting Council (FRC), which monitors and enforces accounting standards, has said it will investigate audits by PricewaterhouseCoopers (PwC) of BT's financial statements from 2015 to 2017. Read more
BILLIONAIRE NG LAP SENG DENIES ALLEGATIONS THAT HE BRIBED UN OFFICIALS.
By Azizur Rahman.
A billionaire real estate developer from Macau has gone on trial in the United States, accused of bribing two United Nations ambassadors. Read more
TESCO TO PAY £129M IN DPA FOR MISREPORTING
By Azizur Rahman.
Tesco has reached a deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO) that will see it pay £129M for misreporting profits. Read more
FOUNDERS OF PANAMA PAPERS LAW FIRM ARRESTED AND BAILED IN CORRUPTION INVESTIGATION
By Azizur Rahman.
The two founders of Panama-based Mossack Fonseca were detained following allegations they played a part in the scandal known as Lava Jato; which involved the laundering of political bribes worth hundreds of millions of dollars. Read more
ROLLS-ROYCE TO PAY £671M TO SETTLE BRIBERY CLAIMS
By Azizur Rahman.
The settlement means the engineering giant will avoid being prosecuted by anti-corruption investigators in the UK, US and Brazil. Read more
