News

SFO concludes investigation into LIBOR manipulation

The Serious Fraud Office today announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case.

Serial “Phoenix” fraudster jailed for over 9 years after 15 years on the run

Christopher Woodhead’s decade and a half on the run has ended, following an enforcement hearing at Leeds Magistrates’ Court today.

Saunders Electrical fraudsters ordered to pay over £7million

Jolan Saunders and Michael Strubel, former company executives at Saunders Electrical Wholesalers Ltd, have this week been ordered to pay confiscation orders totalling £7,393,663.33.

Currency fraudster Peter Chapman ordered to pay £441,944.38

Peter Chapman, a former manager of polymer banknote manufacturer Securency PTY Ltd, was today ordered to pay a confiscation order of £441,944.38.

Sara Lawson QC speaking at Cambridge Symposium on Economic Crime 2019

Sara Lawson QC, General Counsel of the Serious Fraud Office, speaking at the Cambridge Symposium on Economic Crime 2019

Lisa Osofsky speaking at Cambridge Symposium on Economic Crime 2019

Lisa Osofsky, Director of the Serious Fraud Office speaking at the Cambridge Symposium on Economic Crime 2019

SFO charges second individual in relation to Global Forestry Investments investigation

Omari Bowers, a former director of Global Forestry Investments, has been charged with conspiracy to defraud, forgery, and misconduct in the course of winding up. He is due to appear at Westminster Magistrates Court on 2 August 2019.

John Venskus ordered to pay £410k confiscation order

John Venskus was ordered by His Honour Judge Beddoe to pay a £410,786.14 confiscation order on 22 July at Southwark Crown Court.

De La Rue plc

The SFO confirms it has opened an investigation into the activities of the De La Rue group and its associated persons in relation to suspected corruption in South Sudan.

SFO Annual Report and Accounts 2018-2019

The SFO Annual Report and Accounts 2018-2019 was today laid before Parliament.

Sanjay Bhandari and Magnus Falk join the SFO as Non-Executive Directors

The Serious Fraud Office has appointed Sanjay Bhandari and Magnus Falk to join its Board as non-executive directors.

Former Unaoil executive pleads guilty to conspiracy to give corrupt payments

Basil Al Jarah, Unaoil’s former partner in Iraq, pleaded guilty on 15 July 2019 to five offences of conspiracy to give corrupt payments in connection with the SFO’s investigation into Unaoil.