The bad apple that cost Dechert £47m February 28, 2024 Neil Gerrard used to be a hot shot lawyer in the City. But after being hit with multiple lawsuits, he is now known for very different reasons.
Mike Lynch: Extradited businessman hires Boris Johnson and Man City’s lawyer Lord Pannick for SFO data fight February 21, 2024 Pannick was reportedly on £10,000 an hour during Boris's Partygate hearing, when treble-winners Manchester City hired him to fight financial fair play breach claims.
SFO launches probe into £140m property fraud February 21, 2024 The UK anti-fraud agency has raided three residences and made four arrests in North West England in relation to an investigation into Signature Group.
Mini-bond trial: London Capital & Finance administrators legal battle against former executives commences February 19, 2024 The administrators of London Capital and Finance (LCF) civil legal proceedings kick off today against the former executives of the company, including its former CEO Michael ‘Andy’ Thomson. The investment company collapsed back in 2019 after an intervention by the Financial Conduct Authority (FCA) following a discovery that LCF was marketing unregulated mini-bonds along with [...]
Petrofac: Two former executives charged with bribery by UK anti-fraud agency February 16, 2024 The UK anti-fraud agency has revealed it charged two former Petrofac senior executives with bribery over influencing contracts awards. The Serious Fraud Office (SFO) has charged Marwan Chedid and George Salibi, who worked in various senior roles within Petrofac Group in the United Arab Emirates (UAE). The SFO alleges that from 2012 to 2018, Chedid [...]
SFO chief wants to pay whistleblowers – but City lawyers warn policy faces hurdles February 14, 2024 City lawyers have warned that implementing a policy of paying financial crime whistleblowers rewards in the UK won't be straight forward and faces a number of legal and cultural challenges.
SFO boss to promise more dawn raids and swifter action to tackle fraud February 12, 2024 The head of the UK's anti-fraud agency will set out his vision for a "bolder, pragmatic, more proactive" prosecutor this week in his first public speech since taking up the position late last year.
UK agencies failing to punish top execs for corporate misconduct, report warns February 7, 2024 UK regulators and prosecutors are failing to properly hold senior executives to account for acts of corporate misconduct, a new report has warned.
Prosecutions fail to keep up with the UK’s growing ‘fraud epidemic’ February 5, 2024 The UK government has been urged to do more to crack down on fraud after new data showed the number of high-value criminal cases reaching the courts has stayed flat despite a sharp rise in fraud.
Former Autonomy boss sues SFO ahead of US fraud trial January 31, 2024 Mike Lynch, the former boss of software firm Autonomy, has filed a lawsuit against the UK's fraud agency ahead of his criminal trial in the US.