Global Investigations Review - The law and practice of international investigations

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Innospec: defence counsel to seek urgent appeal of SFO conviction

Innospec: defence counsel to seek urgent appeal of SFO conviction

June 19, 2014, GIR

The lawyer to one of two Innospec executives convicted yesterday in a UK court of conspiracy to commit corruption has told GIR his client will seek an “urgent” appeal.

OLAF to improve due process with new oversight role

OLAF to improve due process with new oversight role

June 19, 2014, GIR

Lawyers have cautiously welcomed the European Commission’s plans to introduce an independent official responsible for ensuring that OLAF respects the rights of those it investigates.

SEC rushed into insider trading settlement, judge says

SEC rushed into insider trading settlement, judge says

June 19, 2014, GIR

A New York judge yesterday criticised the SEC for failing to secure an admission of guilt in an insider trading case against a group of hedge fund companies that had pleaded guilty to the same conduct in a parallel criminal case.

UK executive pleads guilty to criminal cartel charges

June 19, 2014, GIR

A managing director has become the fourth person to plead guilty to UK price-fixing charges, marking an important breakthrough in the country’s prosecution of individuals who participate in cartels

SEC applies for another ‘no admit, no deny’ settlement

SEC applies for another ‘no admit, no deny’ settlement

June 18, 2014, GIR

The SEC is looking to secure a “no admit, no deny” settlement with CR Intrinsic, in a case that appears to show “egregious” conduct is not enough for the SEC to pursue an admission of guilt.

UK spy agency to share data with companies

UK spy agency to share data with companies

June 18, 2014, GIR

Intelligence agency GCHQ will share data with companies that manage the UK government’s communications networks and other vital infrastructure to help combat cybercrime - in an initiative that could even include banks.

SEC brings first whistleblower anti-retaliation case

SEC brings first whistleblower anti-retaliation case

June 17, 2014, GIR

The US Securities and Exchange Commission has settled with hedge fund Paradigm Capital and its owner Candace Weir, after the fund discriminated against an employee for blowing the whistle on alleged wrongdoing.

Swiss prosecutors seize assets to assist Dutch fraud investigation

Swiss prosecutors seize assets to assist Dutch fraud investigation

June 17, 2014, GIR

Prosecutors in Switzerland have seized millions of euros belonging to a Dutch national at the request of authorities in the Netherlands, as they investigate an alleged fraud scheme that nearly led to the bankruptcy of affordable housing group Vestia in 2012.

EU official dismisses idea of amnesty plus in Europe

EU official dismisses idea of amnesty plus in Europe

June 17, 2014, GIR

The head of DG Comp’s policy unit criticised enforcement schemes encouraging cartelists to disclose additional price-fixing plots, even as his counterparts from the United States and Brazil praised this form of leniency for uncovering and providing evidence of new cartels.

SFO prepares Alstom bribery charges

SFO prepares Alstom bribery charges

June 16, 2014, GIR

The UK’s attorney general has reportedly given the go-ahead to a prosecution of Alstom’s UK subsidiary and several former employees for alleged overseas bribery, four years after an investigation was announced.