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Innospec Ltd: Former director pleads guilty to corruption

17 January 2012

Today, Dr David Turner (56), the former Innospec Limited Global Sales and Marketing Director (Tetraethyl Lead), appeared before His Honour Judge McCreath at Southwark Crown Court and pleaded guilty to three counts of conspiracy to corrupt.

 

The first two counts charged a conspiracy to give corrupt payments to public officials and other agents of the Government of Indonesia (between 14/02/02 and 31/12/08) and the Government of Iraq (between 01/01/03 and 31/01/08) as inducements to secure, or as rewards for having secured, contracts for Innospec from those Governments for the supply of its products including Tetraethyl Lead.

 

Dr Turner additionally pleaded guilty in respect of one charge of conspiracy to corrupt Iraqi public officials and other agents of the Government of Iraq (between 01/06/06 and 31/05/07) by making payments as inducements to ensure that tests on MMT, a competitor product manufactured by Ethyl Corporation, conducted by or on behalf of the Government of Iraq, concluded with an unfavourable assessment of that product.

 

The sentencing of Dr Turner was adjourned.

 

The case of two other Innospec executives, Dennis Kerrison and Paul Jennings, was adjourned until the 4th of April, 2012 for plea.

 

The SFO investigation into the conduct of Dr Turner was assisted by the US Department of Justice, the US Securities & Exchange Commission, the City of London Police and the Cheshire Constabulary.



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