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Court orders Alstom Network UK Ltd to pay £16.4 million for conspiracy to corrupt

Alstom Network UK Ltd has been ordered to pay a total of £16.4 million for conspiracy to corrupt relating to a contract to supply trams in Tunisia. This sentence comprises £15 million in fines and £1.4 million in costs. The company was convicted in April 2018 of conspiracy to...
Posted On 29 Nov 2019
Neil Williams
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The Serious Fraud Office and LIBOR: The End of the Line

Here, Neil Williams explains why nobody should be surprised that, seemingly out of the blue, the Serious Fraud Office (SFO) recently ended its lengthy investigation into the suspected rigging of LIBOR – the London Interbank Offered Rate and the benchmark interest rate that tracks...
Posted On 18 Nov 2019
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Two-thirds of legal professionals expect no rise in SFO conviction rate

More than two-thirds of legal professionals who specialise in white collar crime don’t believe the Serious Fraud Office’s (SFO) conviction rate will improve over the next 12 months. That’s according to an in-depth survey of white collar crime lawyers recently...
Posted On 08 Nov 2019
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Serious Fraud Office concludes investigation into LIBOR manipulation

The Serious Fraud Office (SFO) has announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case. This decision was taken in line with...
Posted On 18 Oct 2019
Neil Williams
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The Serious Fraud Office and Covert Surveillance: The Way Forward?

Speaking at the American Bar Association’s (ABA) Annual White Collar Crime Conference in central London earlier this month, Serious Fraud Office (SFO) director Lisa Osofsky again talked of using covert surveillance as part of her agency’s investigations. However, Neil...
Posted On 18 Oct 2019
Aziz Rahman
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The SFO’s Corporate Co-operation Guidance: Does Reality Match the Hype?

Finally, we have the Serious Fraud Office’s (SFO) Corporate Co-operation Guidance. SFO director Lisa Osofsky has made it clear she’s a firm advocate of co-operation so this guidance was always going to be significant. While welcome, asserts Aziz Rahman, it runs to just five...
Posted On 13 Aug 2019
Neil Williams
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Examining The Future for Deferred Prosecution Agreements

Sometimes, the best ideas just don’t turn out to be as good in practice as they were either on paper or in the heads of those who devised them in the first instance. So far, 2019 seems to be the year that Deferred Prosecution Agreements (DPAs) have joined the list of things that...
Posted On 07 Aug 2019
Syedur Rahman
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Are Bribery and Corruption Being Overlooked by UK Authorities?

A new report published by the Fraud Advisory Panel alleges that the authorities are overlooking bribery and corruption in the UK. Syedur Rahman argues that, while some criticism is justified, the real picture isn’t quite so clear cut. According to the Fraud Advisory Panel,...
Posted On 24 Jul 2019
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Three individuals acquitted as Serious Fraud Office confirms DPA with Sarclad Ltd

Michael Sorby, Adrian Leek and David Justice have been acquitted of conspiracy to corrupt and conspiracy to bribe. The presiding Jury found the three men not guilty of conspiring with various agents to agree bribes in relation to 27 separate overseas contracts for their company,...
Posted On 17 Jul 2019
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Serious Fraud Office announces DPA in principle with Serco Geografix Limited

The Serious Fraud Office has announced that a Deferred Prosecution Agreement (DPA) with Serco Geografix Limited (SGL), a wholly-owned subsidiary of the Serco Group, has been approved in principle by Justice William Davis. On Thursday 4 July 2019, the SFO will apply for final...
Posted On 03 Jul 2019