News

SFO charges fifth individual with fraud at Balli Group and Balli Steel

The SFO has today charged Vahid Alaghband with three fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc, taking the number of those charged in the investigation to five.

SFO confirms DPA in principle with Airline Services Limited

The Serious Fraud Office has reached a Deferred Prosecution Agreement (DPA) with Airline Services Limited (ASL), subject to final approval by the court. This approval will be sought from Mrs Justice May at a public hearing at Southwark Crown Court, sitting at the Royal Courts of Justice, on 30 October 2020.

Future Challenges in Economic Crime: A View from the SFO

Lisa Osofsky speaking at the Royal United Services Institute, 8 October 2020.

Former Unaoil executive sentenced for paying bribes to win $1.7bn worth of contracts

Basil Al Jarah has today been sentenced to three years and four months’ imprisonment for paying in excess of $17m in bribes to dishonestly secure approximately $1.7bn worth of contracts in post-occupation Iraq.

SFO charges four individuals with fraud at Balli Group and Balli Steel

The SFO has charged four individuals with various fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc.

Three former G4S executives charged with fraud against taxpayer

The Serious Fraud Office has charged three former executives of G4S Care and Justice Services (UK) Ltd (G4S C&J) with multiple offences in relation to a multi-year scheme to defraud the Ministry of Justice.

Lisa Osofsky address to the Cambridge Symposium on Economic Crime

Lisa Osofsky speaking at a presentation hosted by the Cambridge Symposium on Economic Crime.

Three individuals charged in Axiom Fund investigation

The Serious Fraud Office has charged three men with multiple offences in connection with its investigation into the collapse of the Axiom Legal Financing Fund.

SFO secures £5.45m confiscation order against ex-Afren CEO and COO

The SFO has today secured confiscation orders totalling £5,450,000 against the former Chief Executive Officer and Chief Operating Officer of Afren. Former CEO Osman Shahenshah was ordered to pay £2,935,000 and former COO Shahid Ullah was ordered to pay £2,515,000.

Second former Unaoil executive sentenced for bribery in post-occupation Iraq

Stephen Whiteley, Unaoil’s former territory manager for Iraq, has today become the second Unaoil executive to be sentenced for paying over $500,000 in bribes to secure a $55m contract to supply offshore mooring buoys. He was sentenced by HHJ Beddoe to 3 years’ imprisonment.

SFO charges GPT and three individuals following corruption investigation

The Serious Fraud Office has brought charges against GPT Special Project Management Ltd and three individuals in connection with its investigation into allegations concerning the conduct of GPT’s business in the Kingdom of Saudi Arabia.

HMCPSI Inspection of SFO’s response to COVID-19: 16 March to 8 May 2020

The HM Crown Prosecution Service Inspectorate (HMCPSI) conducted a review of the SFO’s immediate response to Covid-19.