Wall Street Journal gagged over UK Libor names October 18, 2013 The Wall Street Journal's (WSJ) European banking editor David Enrich has been ordered by the UK's Serious Fraud Office (SFO) to refrain from publishing the names of people the government plans to implicate in a criminal fraud case alleging Libor fixing. The court order means that Mr Enrich cannot publish "any names in the indictments [...]
Serious Fraud Office calls for change in law October 7, 2013 THE SERIOUS Fraud Office (SFO) said yesterday the law must be changed if critics want to see more companies in court for misconduct. Serious Fraud Office director David Green said he was constantly being compared unfavourably with US enforcement agencies, which prosecute far more companies for fraud. The SFO faces a much higher burden of [...]
Serco in fraud probe over tags for the dead September 27, 2013 OUTSOURCING firm Serco could face a fraud probe after a government report alleged it was charging for electronically tagging criminals who were either dead, in prison, or had never been tagged. The Serious Fraud Office (SFO) yesterday confirmed that the Ministry of Justice has asked it to consider a full-blown investigation into the firm, following [...]
Serco in fraud probe over tags for the dead September 26, 2013 OUTSOURCING firm Serco could face a fraud probe after a government report alleged it was charging for electronically tagging criminals who were either dead, in prison, or had never been tagged. The Serious Fraud Office (SFO) yesterday confirmed that the Ministry of Justice has asked it to consider a full-blown investigation into the firm, following [...]
First UK Bribery Act defendants appear in court September 23, 2013 THE FIRST defendants to be charged by the Serious Fraud Office (SFO) under the UK Bribery Act since it was introduced in 2011 appeared before Westminster Magistrates Court yesterday. The Serious Fraud Office (SFO) had charged the four men connected to Sustainable AgroEnergy with conspiracy to commit fraud by false representation and conspiracy to furnish false [...]
ENRC steps up legal battle with former director September 17, 2013 ENRC’S legal battle with city veteran Sir Paul Judge took a new turn this week, when the troubled miner produced transcripts it claims prove the former director leaked price-sensitive and confidential information to a journalist. ENRC, which is due to delist after more than five years on the FTSE 100, sued Judge back in July, [...]
Fraud watchdog set to prosecute Olympus’ Gyrus September 4, 2013 OLYMPUS, the famous camera-making brand, will be prosecuted by the UK’s Serious Fraud Office (SFO) for a case of wrongdoing linked to the huge accounting scandal that rocked the firm two years ago. The charges relate to Olympus’s British unit, Gyrus, and concern accounts being falsified. Gyrus has been informed of four charges, and Olympus [...]
Trouble at Olympus: SFO brings criminal charges against tech company September 4, 2013 The Serious Fraud Office (SFO) has charged camera and medical equipment company Olympus with offences of "making a statement to an auditor which was misleading, false or deceptive". The alleged offences are said to have taken place between April 2010 and March 2011 and arose from a global fraud case for which Olympus Corporation was [...]
What the other papers say this morning – 03 September 2013 September 2, 2013 FINANCIAL TIMES Dering Capital leads race for TDF Blackstone Group’s former top executive in Asia has emerged as the leading contender to buy the French assets of Europe’s largest telecoms tower operator TDF in a deal worth up to €3.8bn (£3.22bn). Dering Capital, started by Ben Jenkins after he left the US private equity group [...]
First charges brought under UK Bribery Act August 15, 2013 THE UK’S fraud squad has brought its first charges under the Bribery Act since it was introduced in 2011, charging four individuals over an alleged conspiracy to commit a £23m fraud. The Serious Fraud Office (SFO) charged four men connected to Sustainable AgroEnergy with conspiracy to commit fraud by false representation and conspiracy to furnish [...]