Topic: Trials

UK convicts financiers of defrauding Libyan sovereign wealth fund

08 December 2022

Lisa Osofsky: non-cooperating companies won’t get DPAs

The head of the UK’s anti-fraud office said at a conference in New York that the agency considers prosecution as the only option for companies that fail to engage during an investigation, singling out Petrofac and GPT as recent examples.

29 November 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

Sweden closes China-focused Ericsson bribery investigation

Leif Görts, the prosecutor in Sweden’s National Anti-Corruption Unit who led the investigation, told GIR that he closed the probe because his office could not identify the recipients of suspected bribes.

15 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

Glencore office in Switzerland doled out cash bribes, court hears

A prosecutor described how Glencore executives flew to African countries in private jets packed with cash bribes, as the commodity trader’s UK subsidiary awaits its sentence on Thursday.

02 November 2022

US court dismisses Libor-rigging charges against convicted ex-trader

Featured in Investigator's Guide to New York

A Manhattan federal court has thrown out a ten-year-old indictment against Tom Hayes, a British former trader who was convicted in the UK in 2015 for manipulating an interest rate benchmark.

31 October 2022

Nigeria loses bid for victim compensation in Glencore’s UK bribery case

A London court has denied a request from the Nigerian government to receive compensation from Glencore over bribes the commodities trader has admitted paying to a state oil company.

26 October 2022

Office refurbishment bribery trial kicks off in London

Three former directors at UK outfitting company Bluu Solutions paid or received bribes for contracts to refurbish commercial buildings across the country, a court has heard.

24 October 2022

Barclays challenges FCA fine over historic Qatari fundraising

The UK’s financial regulator has hit Barclays with a £50 million penalty over a long-running case which saw the bank defeat related criminal charges in 2018.

21 October 2022

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