WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2012 FINANCIAL TIMES SFO lawyer warned against pursuing Tchenguiz case The lead lawyer in the Serious Fraud Office’s investigation of the Tchenguiz brothers warned the agency two months before the property tycoons’ arrest that it should not pursue the case. In January 2011, Wayil Eisa, the lawyer tasked with drafting the case for the prosecution, submitted [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2012 FINANCIAL TIMES Funds’ €60bn to buy European bank debt Hedge funds and private equity firms have amassed almost €60bn to buy loans from stricken European banks in coming years as many of the continent’s lenders seek to shrink their way to health, according to a PwC survey. PwC estimates European banks have almost €2.5tn of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 26, 2012 FINANCIAL TIMES NEW SFO BOSS VOWS TO STAY RELEVANT The incoming director of the Serious Fraud Office has promised to pursue a more aggressive crime-fighting strategy, saying he will investigate “significant strategic targets” suspected of committing the most complex financial crime and overseas corruption. INVESTORS TURN HEAT ON MAN CHIEF Leading shareholders of Man Group, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 26, 2012 FINANCIAL TIMES NEW SFO BOSS VOWS TO STAY RELEVANT The incoming director of the Serious Fraud Office has promised to pursue a more aggressive crime-fighting strategy, saying he will investigate “significant strategic targets” suspected of committing the most complex financial crime and overseas corruption. INVESTORS TURN HEAT ON MAN CHIEF Leading shareholders of Man Group, [...]
Outgoing SFO boss lets off steam about Al Yamamah April 23, 2012 The outgoing head of the Serious Fraud Office has decided not to go quietly. As his four-year term comes to an end, Richard Alderman has concluded that massive damage was done to the UK’s reputation for dealing with corruption when it shelved a bribery investigation into the Al Yamamah arms deal with Saudi Arabia. “I [...]
New SFO director starts job April 22, 2012 David Green QC begins his new role as the director of the Serious Fraud Office today, following Richard Alderman’s retirement. Green, a barrister with 25 years’ experience in criminal law, was until last year director of the central fraud group of the Criminal Prosecution Service. While his move to the SFO had been expected since [...]
SFO’s chief executive quits just days before new director arrives April 18, 2012 THE Serious Fraud Office (SFO) has lost its chief executive just days before a new director takes the reins. Phillippa Williamson, who was second in command to outgoing director Richard Alderman, has stepped down suddenly and given no reason for the departure. It comes as new director David Green takes up his role next week. [...]
Judge slams SFO incompetence in Tchenguiz case April 4, 2012 THE Serious Fraud Office (SFO) was yesterday denied more time to prepare for a trial over its handling of the 2011 arrests of real estate investors Vincent and Robert Tchenguiz. The high court judge, who ruled the trial should go ahead on 22 May as planned, criticised the SFO for its confession that it did [...]
Judge slams SFO incompetence in Tchenguiz case April 4, 2012 THE Serious Fraud Office (SFO) was yesterday denied more time to prepare for a trial over its handling of the 2011 arrests of real estate investors Vincent and Robert Tchenguiz. The high court judge, who ruled the trial should go ahead on 22 May as planned, criticised the SFO for its confession that it did [...]
Ex-chief of JJB charged amid £1m fraud case April 4, 2012 THE former chief executive of JJB Sports, Chris Ronnie, has been charged after a two and a half year probe into an alleged £1m fraud. The Serious Fraud Office (SFO) yesterday announced that Ronnie has been charged with three fraud offences, two counts of money laundering and two counts of furnishing false information, in relation to contracts [...]