The new Economic Crime Bill will change how UK prosecuters tackle fraud October 12, 2023 The legislation promises to make it easier to crack down on financial crime, writes David Rundle
Patisserie Valerie: Four in court over bakery chain’s collapse October 10, 2023 The four defendants sat side by side in the dock at Westminster Magistrates’ Court, speaking only to confirm details.
Former Patisserie Valerie chief financial officer among four charged with fraud September 13, 2023 The former chief financial officer of the company behind bakery Patisserie Valerie has been charged with fraud alongside three others, including his wife.
Serious Fraud Office shuts Rio Tinto and ENRC corruption probes August 24, 2023 The UK's Serious Fraud Office (SFO) has closed its long-running corruption investigations into Rio Tinto and Eurasian Natural Resources Corporation (ENRC), the agency said today.
New SFO director has ‘a massive mountain to climb’ as the anti-fraud agency looks to rebuild July 26, 2023 The new director of the Serious Fraud Office (SFO) faces a herculean task in rebuilding the agency’s reputation after a number of failures over the last few years, top City lawyers have warned. Earlier this month Nick Ephgrave, the former assistant commissioner of the Metropolitan Police, was appointed as the next director of the agency [...]
The Notebook: Jeffrey Bronheim on what the UK could learn from the US’s attitude to ‘revolving doors’ June 19, 2023 Today, Jeffrey Bronheim, managing partner of law firm Cohen & Gresser‘s London office, takes the notebook pen. As an American who has built up a legal practice in London, I have seen differing views on what is dubbed the ‘revolving door’ between business and government on either side of the Atlantic. In the UK, politicians [...]
Prepare for a dawn raid June 9, 2023 Even if your business is legally beyond reproach and fully compliant with its processes and procedures, a surprise dawn raid from regulatory or law enforcement agencies such as HMRC, the FCA, SFO or NCA can happen to anybody. Perhaps a client or customer is being raided simultaneously. In any case, it makes sense to be [...]
India files “criminal conspiracy” charges against BAE and Rolls-Royce May 29, 2023 India has filed a graft case against Britain’s BAE Systems and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers, a document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of Investigation (CBI) in 2016, the federal police [...]
Libor-rigging: Senior MPs demand inquiry into claims parliament was ‘misled’ May 24, 2023 MPs are demanding an inquiry into claims that central banks and authorities misled parliament during their investigations into the rigging of the London Interbank Offered Rate, known as Libor. The new claims come from a new book on the Libor scandal by BBC economics correspondent Andy Verity called ‘Rigged’, which The Times is publishing extracts [...]
Central banks and governments pressured lenders to rig Libor rate, new book claims May 22, 2023 A new book alleges that banks were pressured by central banks and governments to manipulate the London Interbank Offered Rate, or Libor, in an attempt to boost confidence in the financial sector. The book, which is being serialised in The Times, claims that regulators and prosecutors knew about this pressure, but covered it up when [...]