Bribery Act to hit Olympics March 30, 2011 THE BRIBERY Act could hit corporate hospitality bookings at the London 2012 Olympic games, despite assurances that it is not intended to target “genuine” hospitality. In the long-awaited guidance to the Act, released yesterday after a delay of more than two months, the Ministry of Justice sought to reassure companies that “bona fide hospitality…is recognised [...]
Kaupthing search widens March 29, 2011 POLICE working on the investigation into Iceland’s failed Kaupthing Bank raided five addresses yesterday, including the bank owned by the family of former Tory Party treasurer David Rowland. In a joint operation between the UK’s Serious Fraud Office (SFO), the Icelandic Special Prosecutor’s Office and Luxembourg police, more than 70 investigators searched three businesses and [...]
Tchenguiz inquiry hits double setback March 23, 2011 THE man in charge of the fraud investigation into the financial affairs of the Tchenguiz brothers and their connection to the collapsed Kaupthing Bank has resigned on a day which also saw dozens of documents being returned to the brothers’ lawyers. The Serious Fraud Office’s (SFO) Mick Randall is said to be taking up a [...]
SFO denies Tchenguiz case is stunt March 21, 2011 THE Serious Fraud Office (SFO) hit back at claims that its raid on Robert and Vincent Tchenguiz was a “publicity stunt” designed to bolster the reputation of the threatened body. A spokesman for SFO director Richard Alderman said: “There is some suggestion that we have taken this action to put ourselves in a better position [...]
SFO denies Tchenguiz case is stunt March 21, 2011 THE Serious Fraud Office (SFO) hit back at claims that its raid on Robert and Vincent Tchenguiz was a “publicity stunt” designed to bolster the reputation of the threatened body. A spokesman for SFO director Richard Alderman said: “There is some suggestion that we have taken this action to put ourselves in a better position [...]
The man who wants to get the SFO ready for business March 21, 2011 The country’s top fraudbuster Richard Alderman may be retiring next year but after arresting Robert and Vincent Tchenguiz he has very publicly taken on the fight of his life. Earlier this month, the Serious Fraud Office (SFO), of which the 58-year-old Alderman is the director, briefly arrested and questioned the billionaire brothers along with seven [...]
Tchenguiz bros pursue $1.6bn Kaupthing claim March 16, 2011 The Tchenguiz brothers, the property magnates briefly arrested in a UK fraud probe into Iceland’s Kaupthing, won the right to pursue a claim of over £1bn in damages from the failed bank. The High Court has rejected an application by Kaupthing Bank to dismiss the claim for the technical legal reason that it did not [...]
Tchenguiz to hire Leeson’s star lawyer March 15, 2011 VINCENT Tchenguiz, who has blamed the recent Serious Fraud Office (SFO) raids at his offices for one of his companies falling into administration, yesterday appointed Stephen Pollard (pictured), rogue trader Nick Leeson’s former lawyer, as his new legal adviser. Pollard, who is one of the City’s most experienced criminal lawyers, takes the reins from John [...]
Tchenguiz to hire Leeson’s star lawyer March 15, 2011 VINCENT Tchenguiz, who has blamed the recent Serious Fraud Office (SFO) raids at his offices for one of his companies falling into administration, yesterday appointed Stephen Pollard (pictured), rogue trader Nick Leeson’s former lawyer, as his new legal adviser. Pollard, who is one of the City’s most experienced criminal lawyers, takes the reins from John [...]
Tchenguiz on attack after firm collapses March 14, 2011 EMBATTLED tycoon Vincent Tchenguiz has blamed last week’s Serious Fraud Office (SFO) raid for a series of actions which led to his property management company, Peverel Group, entering administration after failing to repay a loan. Bank of America Merrill Lynch demanded repayment within 24 hours of the raid of a £124.6m loan plus £11.4m accrued [...]