Monday, May 17, 2021

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UK’s SFO secures assets linked to Brazil’s “Operation Car Wash” scandal

The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil’s “Operation Car Wash”, the country’s biggest bribery investigation that began in 2014. The SFO...

UK’s SFO charges Airbus unit in Saudi corruption probe

The U.K.’s Serious Fraud Office charged a unit of Airbus SE and three individuals as part of its investigation into allegations of corruption in Saudi Arabia. GPT Special Project Management Ltd., former Managing Director Jeffrey Cook, and John Mason, the...

SFO Fines Alstom $19.3 Million in Bribe-for-Contract Case

Alstom Network UK Ltd. was fined 15 million pounds ($19.3 million) after being found to have used a bribe in an attempt to win a Tunisian tram-and-signaling contract. The U.K. subsidiary of the French rail company was sentenced by a London...

Swedbank to transform Estonian unit at the centre of money-laundering investigation, appoints new executives

Swedbank (SWEDa.ST) has removed three executives from its Estonian business and appointed their replacements, including a new head of the unit embroiled in an international money laundering investigation. The Swedish lender has already fired its CEO and its chairman resigned...

SFO completes DPA with Serco Geografix Ltd in Fraud and Dishonesty Case

The Serious Fraud Office and Serco Geografix Ltd (SGL) have today received final approval from Mr Justice William Davis for a Deferred Prosecution Agreement (DPA). In entering the DPA, SGL has taken responsibility for three offences of fraud and two...

SFO drops investigation into trio accused of energy industry bribes

Prosecutors have dropped a criminal investigation into three businessmen who had been accused of paying huge bribes in the energy industry, sources with knowledge of the inquiry have said. The Serious Fraud Office had been investigating claims that Unaoil, a firm formerly...

Miami healthcare exec Philip Esformes found guilty of paying kickbacks and bribes

Philip Esformes, an obsessive businessman who built an empire of healthcare facilities in Miami-Dade, was found guilty Friday of 20 charges, including paying bribes and kickbacks, in a scheme to generate streams of Medicare patients for his businesses. The wealthy...

SFO initiates criminal proceedings against Unaoil over Iraq bribery claims

The Serious Fraud Office has started criminal proceedings against Unaoil as part of its investigation into corruption at the oil services group. It follows criminal charges brought against four people in November for allegedly making corrupt payments to secure oil...

UK’s financial crime unit probes suspected fraud in Sanjeev Gupta’s business ties to Greensill Capital

Britain’s financial crime unit is investigating suspected fraud and money laundering involving the businesses of Sanjeev Gupta, whose global metals empire ballooned in recent years with the aid of billions of dollars in financing from the failed firm Greensill...

U.S. joins probe into alleged bribery linked to sales of Bombardier jets to Garuda Indonesia

The United States has joined an international investigation into suspected bribery related to decade-old sales of Bombardier (BBDb.TO) jets to Garuda Indonesia (GIAA.JK), the Canadian planemaker said on Thursday. Bombardier, the latest aerospace group to face scrutiny over middlemen in past jet deals,said...

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Former Rockbridge County jail superintendent gets 51 months in prison for corruption

The former superintendent of the Rockbridge County Regional Jail has been sentenced to 51 months in federal prison for...
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