News

SFO hits back at ENRC’s allegations of misconduct

The UK’s anti-fraud agency has said there is no merit to the lawsuit brought against it by the Eurasian mining company ENRC, which is facing a bribery probe, over alleged misfeasance in public office.

26 May 2021

BIS shows leniency is available to companies that self-report

Companies that voluntarily reported potential violations of US export regulations to the Commerce Department in recent years almost always avoided a financial penalty.

26 May 2021

US prosecutors pursue alleged bribery on Bolivian defence contract

The US Department of Justice has filed charges against two former Bolivian government officials for allegedly taking bribes on a tear gas supply contract.

26 May 2021

Chris Cestaro: Prosecutors’ new subpoena power is a “big deal”

The former FCPA Unit chief told GIR in an interview that the additional powers given to US authorities to subpoena foreign banks that maintain a US correspondent account “could be a game changer”.

25 May 2021

Construction company agrees $126m settlement in Peru

Graña y Montero’s successor company has reached a plea deal with Peruvian authorities to resolve an investigation into corruption allegations stemming from Brazil’s Operation Car Wash.

25 May 2021

Former Dechert partner was SFO’s “insider”, court hears

A barrister acting for Dechert said that allegations that its former head of investigations leaked confidential information to the SFO are “the stuff of conspiracy theory”.

25 May 2021

Chinese semiconductor start-up becomes latest to challenge US sanctions

A Guangzhou-headquartered semiconductor start-up has launched a legal campaign to remove Trump-era sanctions imposed on it over alleged links to China’s military.

25 May 2021

UK NCA: Bribery and corruption risk to rise

In a new report, the agency has warned that criminals are using encrypted messaging services to thwart its investigations, that fintech banks are popular among money launderers, and that the pandemic and Brexit may lead to increased corruption risks for UK companies.

25 May 2021

DOJ makes move in old Canadian corruption case

Eight years after an energy company pleaded guilty in Canada to foreign bribery, the US unseals related charges against some of the individuals in the alleged scheme.

24 May 2021

ENRC: Greed at the heart of Dechert’s leaks to the SFO

The Eurasian mining company told the High Court in London on Monday that its former lawyer, Neil Gerrard, was motivated by “money and greed”.

24 May 2021

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