Press releases 2003

• Two-trial case concluded in $16 million high-yield investment fraud

  19 December 2003

  The lifting of reporting restrictions today allows the announcement of the outcome of two linked trials relating to Mezuzah Incorporated, an investment vehicle used in 1997 to conduct a $16 million fraud.

• Kent Pharmaceuticals Limited v SFO

  17 December 2003

  Judicial Review judgement delivered today by the Administrative Court at the Royal Courts of Justice. Summary A judgement arising from a Judicial Review concluded today that: The seizure of documents during evidential searches [conducted in April 2002] was in accordance with the law, The SFO had acted in accordance with the law regarding its decision to disclose material [obtained through those searches] to the Department of Health, The SFO did not act fairly by not giving Kent Pharmaceuticals sufficient notice that could enable Kent to make legal representations about the SFO's intention to disclose material.

• SFO and City of London Police to expand joint operations

  15 December 2003

  The City of London Police have today announced plans to expand the size and operational scope of its Economic Crimes Department (see note 1). This development, created in close discussion with the Serious Fraud Office, is being enabled by extra funding made available to the City force.

• SSL International plc

  05 November 2003

  Six people appeared at Macclesfield Magistrates' Court today, charged with fraud offences relating to the financial statements of SSL International plc ("SSL") for the twenty-five months ending in March 2000.

• Metals shipping agent jailed in $200 million letters of credit fraud

  19 September 2003

  Milton Kounnou, was sentenced to two years' imprisonment today at the Central Criminal Court after admitting his part in defrauding banks in the Middle East though the presentation of false shipping documents against multi-million dollar letters of credit for non-existent cargoes of metal.

• Former directors Roger Eden and Geoffrey Brailey jailed

  18 September 2003

  Roger Eden and Geoffrey Brailey - former directors of Corporate Services Group Plc - were sentenced today at Croydon Crown Court for accounting irregularities designed to overstate profits for 1997 and 1998.

• Company directors conspired to falsify profits

  17 September 2003

  Roger Eden and Geoffrey Brailey - former directors of Corporate Services Group Plc - have been found guilty today at Croydon Crown Court of charges relating to accounting irregularities aimed to overstate profits.

• Three jailed for high yield investment scheme

  08 August 2003

  At Worcester Crown Court today John Wilfred Clark was sentenced to five and a half years imprisonment. David John Saull was sentenced to four years imprisonment. Jasbir Sing Mudhar was sentenced to four years nine months imprisonment.

• Andrew Regan acquitted of theft of £2.4 million

  06 August 2003

  Andrew Regan was found not guilty today at Snaresbrook Crown Court of stealing £2.4 million from a company he controlled, money used to provide bribes to two CWS executives to agree a food supply contract.

• Universal Bulk Handling: Two directors jailed for hiding £12m loss

  25 July 2003

  Two company directors were imprisoned today for a fraud surrounding the collapse of Lancashire firm Universal Bulk Handling with losses of at least £12 million. Christopher Freeman was sentenced to 2 years imprisonment and Alan Hodgkinson to 9 months.

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