Former Tesco directors face court over roles in 2014 accounting scandal October 8, 2018 Two former Tesco directors faced allegations in court today that they manipulated figures that resulted in the supermarket chain's 2014 accounting scandal and a £2bn wipe-off of its share price. Christopher Bush, Tesco's former UK managing director, and ex-UK food commercial director John Scouler have each been charged with one count of fraud and false accounting. Former UK [...]
Robert Tchenguiz accuses Grant Thornton of conspiracy over fraud office probe October 8, 2018 Lawyers for property mogul Robert Tchenguiz today accused audit firm Grant Thornton of conspiring to persuade the Serious Fraud Office (SFO) to launch an investigation into his business dealings with the Icelandic bank Kaupthing. The flamboyant millionaire was in a packed London courtroom to hear his Queen’s Counsel Stephen Rubin of Fountain Court accuse the [...]
Serious Fraud Office general counsel leaves regulator for private law firm Kingsley Napley September 24, 2018 The man tipped for the top job at the Serious Fraud Office before former FBI lawyer Lisa Osofsky won the post will leave the regulator for private practice next year. Alun Milford, who served as the SFO's general counsel, has joined Kingsley Napley as a partner in criminal litigation. Milford has been a government prosecutor for 26 years. [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Serious Fraud Office increasingly asking firms to hand over data without court approval September 17, 2018 Big businesses are increasingly being asked to hand over information for investigations to the Serious Fraud Office (SFO) without the government agency going through the courts for approval, according to a report out today. International law firm Pinsent Masons said the number of 'Section 2' notices issued by the SFO has more than doubled in the past [...]
Serious Fraud Office increasingly asking firms to hand over data without court approval September 17, 2018 Big businesses are increasingly being asked to hand over information for investigations to the Serious Fraud Office (SFO) without the government agency going through the courts for approval, according to a report out today. International law firm Pinsent Masons said the number of 'Section 2' notices issued by the SFO has more than doubled in the past [...]
Slaughter and May hires former Serious Fraud Office head David Green as senior consultant September 11, 2018 The former head of the Serious Fraud Office, David Green, has confirmed his move to magic circle firm Slaughter and May after months of speculation. Green left the government agency in April this year after six years at the helm and was replaced by former FBI lawyer Lisa Osofsky. Slaughter and May said Green [...]
Miner ENRC victorious over Serious Fraud Office in ‘historic’ Court of Appeal battle on legal privilege September 5, 2018 Lawyers hailed ENRC’s Court of Appeal win over the Serious Fraud Office (SFO) in a legal privilege case today as “fundamental to our legal system”. In today’s judgment the Court of Appeal overturned a High Court decision from May that compelled miner ENRC to hand over the results of an internal investigation into corruption, carried out by [...]
London boss of foreign bank arrested over bribery investigation September 3, 2018 The head of an international bank’s UK arm has been arrested on suspicion of bribery, it emerged this afternoon. In comments made to a conference in Cambridge, the deputy director of the National Crime Agency (NCA)’s economic crime unit said that two senior individuals from a foreign bank’s London unit have been detained following a seven-month [...]