Topic: Fraud

UK convicts financiers of defrauding Libyan sovereign wealth fund

08 December 2022

Russian intelligence agent indicted for sanctions breach

Andrii Derkach was sanctioned in 2020 for his involvement in a disinformation campaign targeting, among others, US President Joe Biden.

07 December 2022

SFO head of policy: failure to prevent bribery offence a “humongous success”

Speaking at a GIR conference on Thursday, Chloe Wootton hailed the agency’s triumphs in prosecuting companies for breaches of section 7 of the Bribery Act while making a case for a failure to prevent fraud offence.

05 December 2022

US judge agrees to end Huawei CFO’s prosecution

05 December 2022

US moves to dismiss charges against Huawei CFO

Meng Wanzhou, the daughter of Huawei’s founder and current chief financial officer at the company, agreed to a four-year DPA, back-dated to the time of her arrest in 2018, in 2021.

02 December 2022

Turkish government calls out “demeaning” Halkbank prosecution

The Turkish government said the DOJ’s prosecution of Halkbank has strained political ties between the two countries, describing the US criminal case as “a demeaning move against Türkiye’s dignity”.

25 November 2022

EPPO: Ireland refuses to cooperate with European prosecutors

The Irish government denied impeding any investigations after the European Public Prosecutor’s Office claimed the country has “systematically hindered” the prosecuting body’s efforts to protect the EU budget from financial crimes.

24 November 2022

Acquitted former Deutsche trader sues bank

Matthew Connolly, whose Libor conviction was overturned in January, says Deutsche Bank made him the “fall guy” and is asking for more than $150 million in damages.

18 November 2022

US university fined over professor's foreign government links

The Ohio State University has agreed to pay $875,000 for failing to disclose a professor’s affiliations with a foreign government while receiving research funds from various US organisations.

11 November 2022

Glencore fined £281m in UK over Africa bribery schemes

A Glencore subsidiary received the UK’s highest-ever penalty for a corporate criminal conviction after a judge found that bribery was “part of the culture” on the trader’s West Africa oil desk.

03 November 2022

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