Bribery and Corruption

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  • 23 Feb 2024 11:47 AM | Anonymous member (Administrator)

    The UK anti-fraud agency has revealed it charged two former Petrofac senior executives with bribery over influencing contracts awards.

    The Serious Fraud Office (SFO) has charged Marwan Chedid and George Salibi, who worked in various senior roles within Petrofac Group in the United Arab Emirates (UAE).

    https://www.cityam.com/petrofac-two-former-executives-charged-with-bribery-by-uk-anti-fraud-agency/


  • 17 Feb 2024 1:14 PM | Anonymous member (Administrator)

    Transparency International has released its latest report about anti-corruption efforts in Western Europe and the EU.

    Corruption in Western Europe and the European Union is getting worse, according to experts' perceptions, and this is the first time it's got worse in over a decade.

    Transparency International’s latest Corruption Perceptions Index (CPI) looked at 180 countries and territories by their perceived levels of public sector corruption on a scale of zero (highly corrupt) to 100 (very clean).

    https://www.euronews.com/business/2024/01/30/corruption-is-a-growing-problem-in-europe-according-to-transparency-international


  • 18 Dec 2023 6:01 PM | Anonymous member (Administrator)

    Companies who are found to be dodging strict trade sanctions, including those imposed since the war in Ukraine, will face tougher penalties with the creation of a new Office of Trade Sanctions Implementation (OTSI).

    https://www.gov.uk/government/news/new-unit-to-crack-down-on-firms-dodging-russian-sanctions

  • 08 Dec 2023 12:04 PM | Anonymous member (Administrator)

    Today at the Old Bailey, the solicitor William Osmond was sentenced to nine months in prison, suspended for 18 months, for tipping off his client about an SFO money laundering investigation and issuing investigators with a forged document. Osmond was also ordered to complete 100 hours of unpaid work and pay £5000 toward the SFO’s costs.

    https://www.sfo.gov.uk/2023/11/30/sfo-secures-nine-month-sentence-for-solicitor-who-tipped-off-client-about-criminal-investigation/

  • 18 Nov 2023 1:05 PM | Anonymous member (Administrator)

    Businesses that breach UK sanctions imposed on Russia should notify the authorities if they wish to be eligible for lenient treatment, an expert in sanctions compliance has said.

    https://www.pinsentmasons.com/en-gb/out-law/news/uk-russian-sanctions-breaches

  • 20 Oct 2023 9:57 AM | Anonymous member (Administrator)

    A review by a senior lawyer into the procurement of the delayed Ferguson Marine ferries found no evidence of fraud, though parts of the process were “not entirely satisfactory”.

    It comes after a BBC Disclosure documentary last year alleged the process for awarding the contract may have been rigged in favour of the Port Glasgow shipyard.

    https://news.stv.tv/scotland/no-fraud-in-procurement-of-controversial-calmac-ferries-claims-lawyer


  • 05 Oct 2023 11:06 AM | Anonymous member (Administrator)

    The Bribery Act 2010 (the Act) came into force in April 2011, overhauling UK anti-bribery legislation.

    The Act set out the five key UK bribery offences and introduced strict liability for commercial organisations whose service providers (called ‘associated persons’) engage in bribery unless the organisation has adequate procedures in place to prevent it.

    Organisations should ensure they have effective anti-bribery measures in place to mitigate their risk.

    https://www.pinsentmasons.com/out-law/guides/the-uk-bribery-act-2010-principles-offences-and-penalties


  • 29 Sep 2023 11:24 AM | Anonymous member (Administrator)

    Lucrative contracts were allegedly handed out by NHS managers in return for cash and gifts across the country.

    Five men are to stand trial following a £6.5m corruption and bribery probe into NHS Scotland contracts.

    The group were held after investigations into the award of lucrative deals in health boards across the country to an Ayrshire telecommunications firm.

    https://news.stv.tv/scotland/five-men-to-stand-trial-over-6-5m-nhs-scotland-corruption-and-bribery


  • 01 Sep 2023 2:28 PM | Anonymous member (Administrator)

    Mining companies must remain vigilant to corruption risks despite recent announcements by the UK’s Serious Fraud Office (SFO), an expert in managing bribery and corruption risk has said.

    https://www.pinsentmasons.com/out-law/news/corruption-risks-in-mining-remain-despite-uk-probes-dropped

  • 16 Aug 2023 5:34 PM | Anonymous member (Administrator)

    The chief of staff to the president of Madagascar has been charged with bribery over an alleged attempt to secure bribes worth about £225,000 from the British owner of the luxury gemstone company Fabergé.

    https://www.theguardian.com/uk-news/2023/aug/14/madagascar-official-accused-of-trying-to-secure-bribe-from-faberge-owner?CMP=share_btn_tw

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