Mishcon's Culture vs Corruption Diary - June 2010
Welcome to the June edition of Mishcon's Culture vs Corruption Diary, the object of this diary is to provide businesses and their advisors with a snapshot of what has been happening in the world of corruption in the last month.
We make no judgement whatsoever as to the morality, legality or appropriateness of the conduct which forms the subject matter of this bulletin. We simply aim to bring these matters to the attention of those involved in the prevention, detection and investigation of fraud.
UNITED KINGDOM
Courts
The Court of Appeal has criticised the Serious Fraud Office, for allegedly applying US-style deals for companies and executives to admit criminal wrongdoing in exchange for more lenient treatment, over a case that led to the jailing for bribery of John Dougall, a former healthcare executive.
Michael Peel
Financial Times 14 May 2010
WESTERN EUROPE
Construction
Investigations into Diego Anemone, a Rome construction entrepreneur under investigation for possible bribery have exposed alleged links to the secret service, the prime minister's Rome residence and office, the carabinieri, tax police, well-known figures in the state broadcasting network, a film director and a Vatican priest. Anemone denies any allegations of wrongdoing.
Guy Dinmore
Financial Times, 14 May 2010
EASTERN EUROPE
Sport
Valery Morozov, a businessman involved in preparations for the 2014 Winter Olympics has made allegations of corruption at the heart of the Kremlin stating that he paid £4m in bribes to a senior official to secure a lucrative state contract for the games.
David Leppard
Sunday Times, 30 May 2010
AFRICA
Financial Services
Nigerian President Goodluck Jonathan has signalled his intent to fight corruption as one of the country's most powerful men, James Ibori, has been arrested over allegations concerning the theft of $292m (£196m) of state money whilst he was governor of the oil-rich Delta State.
Daniel Howden
Independent, 14 May 2010
ASIA
Retail
Huang Guangyu, the founder of the Gome electronic appliance retail chain and once China's richest man, has been jailed for fourteen years for bribery, insider trading and illegal business dealings.
Jonathan Landreth
The Times, 19 May 2010
Mishcon de Reya
Mishcon's Culture vs Corruption Diary is published by the Fraud & Insolvency Group of Mishcon de Reya Solicitors. Widely recognised as the leader in the field of fraud investigations, the Group has extensive experience in conducting and/or project managing highly sensitive international investigations in respect of bribery and corruption allegations. The Group founded and runs both the Fraud Network, made up of international legal fraud specialists, and the Financial Risk Group, for risk and compliance officers.