Global Investigations Review - The law and practice of international investigations

Fraud

Deloitte handed record fine over “serious and unusual” failures on Autonomy audit

Deloitte handed record fine over “serious and unusual” failures on Autonomy audit

September 17, 2020, GIR

Big Four consultancy Deloitte has received a £21.6 million penalty following an investigation by the UK’s accountancy regulator into the firm’s audits of UK software company Autonomy, which is at the centre of a high-profile fraud scandal.

High Court clarifies privilege rules for foreign lawyers

High Court clarifies privilege rules for foreign lawyers

September 16, 2020, GIR

A judge overseeing a dispute between Russian oil company Tatneft and four Ukranian businessmen, including Igor Kolomoisky, has ruled that foreign lawyers’ communications are protected by legal professional privilege.

Compliance overhaul helps Daimler reach emissions cheating settlement

Compliance overhaul helps Daimler reach emissions cheating settlement

September 15, 2020, GIR

German car manufacturer Daimler implemented a wide-ranging compliance plan before reaching a $1.5 billion settlement with three US agencies to resolve claims that the company fitted Mercedes-Benz vehicles with emissions cheating devices.

SFO charges three former G4S execs with fraud

SFO charges three former G4S execs with fraud

September 08, 2020, GIR

The UK SFO has charged three former executives of prison services contractor G4S over an alleged scheme to defraud the country’s Ministry of Justice.

Ex-Nigerian oil minister’s move to stop seizure of luxury jet thwarted

Ex-Nigerian oil minister’s move to stop seizure of luxury jet thwarted

September 04, 2020, GIR

Nigeria has edged closer to seizing a luxury jet that the country’s former oil minister Dan Etete allegedly purchased with illicitly obtained money from a $1.3 billion oil deal after a Canadian court dismissed his appeal against the seizure order.

US rebuffs Halkbank’s immunity claims in sanctions case

US rebuffs Halkbank’s immunity claims in sanctions case

September 01, 2020, JUST SANCTIONS

“Protecting Halkbank’s access to US markets and its property in the United States was not incidental to the offenses, but a principal purpose of Halkbank’s conduct,” prosecutors wrote in a court filing.

US did not overreach in former Autonomy CFO’s fraud conviction, court rules

US did not overreach in former Autonomy CFO’s fraud conviction, court rules

August 27, 2020, GIR

The former CFO of software company Autonomy can be convicted for fraud that took place in the UK because the conduct stemmed from business activity based in California, a US judge said.

KPMG’s US arm dodges $1.1 billion Oceanografía fraud lawsuit

KPMG’s US arm dodges $1.1 billion Oceanografía fraud lawsuit

August 24, 2020, GIR

A Delaware judge has dismissed a claim alleging that the US arm of accounting firm KPMG can be held liable for failing to detect a multimillion-dollar fraud scheme at defunct Mexican oil company Oceanografía.

Chinese medical researcher pleads guilty to trade secret theft

Chinese medical researcher pleads guilty to trade secret theft

July 31, 2020, JUST SANCTIONS

A former researcher at an Ohio hospital has admitted to stealing medical research from her former employer to set up a medical testing business in China.

German regulatory reforms put auditors in the crosshairs

German regulatory reforms put auditors in the crosshairs

July 28, 2020, GIR

Germany’s plans to boost state oversight of companies in the wake of the Wirecard scandal is a step in the right direction but lacks the detail necessary to resolve the country's supervisory shortcomings.