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The Serious Fraud Office (SFO) has been investigating the ‘LIBOR’ scandal. This is an investigation into the alleged manipulation of the LIBOR bank lending rate. Arrests were made in December 2012 although no individual has yet been charged....
Shahid Ramzan, from Broughty Ferry, was found guilty of five charges, including evading VAT payments of £5,611,839 between October 2002 and July 2004. The 40-year-old was also found guilty of transferring or hiding "criminal property" of...
The Supreme Court of England and Wales reduced the confiscation order of £1.54 million pounds made against international businessman, Terry Waya, to £392,400. In 2003 Mr Waya purchased a flat in London for £775,000. He paid £310,000...
Two men have been jailed at Isleworth Crown Court on the 6th December 2012 following a £3 million land banking fraud which involved more than 300 victims and took place over a two year period. Omar Eshpari and Stefan Mitchell have been sentenced to...
David Green QC, who took over as head of the Serious Fraud Office (“SFO”) in April 2012, recently told the MPs on the Justice Select Committee that the number of fraud cases that will be prosecuted under his leadership was likely to...
New figures released by the UK Cards Association reveal that credit card fraud is up by 9 % in the first six months of 2012 compared to the same period in 2011. The total losses to UK customers in 2012 are reportedly £185 million. Other types of fraud...
Are you up to date with what you can and can’t do with corporate hospitality and the Bribery Act 2010? Recently the Serious Fraud Office (SFO) has withdrawn its earlier guidance on Bribery and Corruption. This includes the guidance that companies self...
A convicted drug dealer who allegedly amassed more than £900,000 through criminal activity was ordered to repay the cash following a two year investigation by the National Terrorist Financial Investigation Unit. Southwark Crown Court found that...
