Former Innospec CEO admits bribery to falsify product tests 10 Sep 2012 The SFO has announced that Paul Jennings, former CEO of Innospec Ltd, has pleaded guilty to one charge of conspiracy to corrupt Iraqi public officials and other agents of the Iraqi Government. This charge relates to allegations that Mr Jennings paid inducements to […]

Russian’s Banker Money Laundering Case may Sore UK ties Russia and the U.K. risk further souring ties as authorities are set to clash over potential money-laundering and bribery charges against a former Russian official at a London-based international lender. Elena Kotova, 57, Russia’s former top representative at the European Bank for Reconstruction and Development, is […]

SFO – NEW TOUGH TONE FROM THE TOP ON ACTS OF BRIBERY – the Serious Fraud Office (“SFO”) has announced it is opening an investigation into alleged incidents of bribery that were thought to have been dealt with in March this year. The Director of the SFO, via a statement on the SFO website, stated […]

The Bribery Act’s first year – The Bribery Act came into force just over a year ago, amid much fanfare and media speculation. Some said it went too far and would stifle business, others said it did not go far enough. But what effect has it really had so far? In the attached CMK examine […]

British firm accused of paying a £14.4m bribe – The Serious Fraud Office is investigating claims that a supplier of communications equipment to the Saudi national guard, GPT Special Project Management, made payments totaling £14.4m to a Cayman Islands company, Simec International, between July 2007 and July 2010. The bribes were supposedly linked to a […]

The Puppet Masters Anti-Corruption Conference – Guernsey’s Anti-Bribery and Corruption Committee has hosted a conference on anti-corruption, which was attended by over 450 delegates. This committee comprises representatives of the Law Officers’ Chambers, Guernsey Law Enforcement and the Guernsey Financial Services Commission. The reference in the conference title to the “Puppet Masters” was taken, by […]

Guidance for anti-bribery due diligence in mergers, acquisitions and investments – Transparency International UK has published a document entitled “Anti-bribery due diligence for transactions – Guidance for anti-bribery due diligence in mergers, acquisitions and investments”. This publication is designed to assist those operating in this area by providing a practical guide that contains: • a […]

UK Bribery Act: should you worry about taking customers to the Olympic Games? – The 2012 Summer Olympic and Paralympic Games in London offer a unique opportunity for companies to promote their businesses through entertainment of customers or clients at the various game venues. Has the UK Bribery Act 2010 put a damper on these […]