Region: United Kingdom

Senior UK officials orchestrated decades of Saudi bribes, court hears

“This indictment does not begin to plumb the depths of what the UK government has been involved in since the 1970s,” a defence barrister told a London court.

09 May 2022

NCA recovers over $23 million in stolen funds from Nigeria

06 May 2022

UK defence officials “were aware of and facilitated” middlemen payments

The Serious Fraud Office has told a London court that UK government officials introduced a defence company to a consulting group that paid bribes to help the business win military contracts in Saudi Arabia.

06 May 2022

SFO: UK defence contractors bribed Saudis

Jurors were told that two former defence contractors were “at the heart” of a scheme to funnel bribes to high-ranking Saudi officials to secure military contracts for a now-defunct Airbus subsidiary.

05 May 2022

FRC opens more investigations into GFG Alliance auditors

04 May 2022

Do companies have a moral duty to self-report to the SFO?

Companies in the UK aren’t required to report their misconduct to the Serious Fraud Office, but a recent high court judgment concluded that a company has a moral obligation to do so, argue Herbert Smith Freehills partners Brian Spiro, Rob Hunt and senior associate Jessica Chappatte.

03 May 2022

SFO seizes nearly £600,000 in alleged Petrofac bribes

A London court has approved a Serious Fraud Office request to seize £567,000 from a now-deceased businessman accused of paying bribes on behalf of oil services company Petrofac.

29 April 2022

SFO demands documents in GFG fraud probe

The UK’s anti-fraud agency has issued requests for communications and financial documents as part of an ongoing fraud investigation into businesses owned by businessman Sanjeev Gupta.

27 April 2022

UK anti-corruption expert: “efforts to combat economic crime are in disarray”

Susan Hawley of anti-corruption NGO Spotlight on Corruption called for reforms to address the enforcement crisis, including large budget increases and a public inquiry.

27 April 2022

US unveils sanctions charges against two Europeans

US prosecutors are accusing a UK and a Spanish citizen of conspiring with programmer Virgil Griffith to evade US sanctions on North Korea by providing the country with blockchain and cryptocurrency services.

26 April 2022

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