Lead Story Picture
Ziad Akle, a former executive at Unoail, is challenging his 2020 conviction for conspiring to bribe an Iraqi public official to help clients secure energy contracts following the fall of Saddam Hussein. (DANIEL LEAL-OLIVAS/AFP via Getty Images)

Oil Exec Says SFO Hid Misconduct Evidence In Bribery Trial

A former oil consultant urged an English appeals court on Wednesday to overturn his bribery conviction, claiming the Serious Fraud Office used an American "fixer" to unlawfully pressure a co-conspirator into pleading guilty and then sought to hide the fact.

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UK Gov't Gets OK For Conditional Deal Before Vodafone Trial

The U.K. government won tentative permission Wednesday to draw up a £184 million ($254.4 million) contract with Japan's Fujitsu over the running of a secure communications channel ahead of a trial with Vodafone over the bidding process.

Ex-SFO Boss To Leave Slaughter And May After Three Years

Former Serious Fraud Office director David Green QC will leave his role at Slaughter and May later this month after three years as a senior consultant working on fraud cases at the Magic Circle firm.

Extra £900M In Lehman Bros. Estate Won't Be Paid Equally

An appeals court has dashed the hopes of some creditors fighting for £900 million ($1.2 billion) left in the estate of Lehman Brothers, ruling on Wednesday that certain claims for compensation by separate affiliates took priority over other creditors.

National Audit Office To Probe FCA Handling Of British Steel

Britain's public spending regulator said on Wednesday that it will investigate how the City watchdog is regulating the financial advisory sector after steelworkers were duped into transferring their retirement savings out of the British Steel pension plan.

Facebook Fined £50M For 'Major Breach' During Merger Probe

Britain's competition regulator said on Wednesday that it has slapped Facebook Inc. with a £50.5 million ($69.5 million) fine for deliberately breaching its enforcement orders during an investigation into the technology company's proposed $400 million acquisition of image platform Giphy Inc.

MPs Press Watchdog Over Delayed NatWest AML Prosecution

A group of influential lawmakers urged Britain's finance watchdog on Wednesday to explain why its prosecution of banking giant NatWest over money laundering charges took five years to complete.

Credit Suisse To Pay $475M Over Mozambique Bribe Scandal

A Credit Suisse unit pled guilty to wire fraud Tuesday and will pay $475 million to U.S. and U.K. authorities for its role in a $2 billion corruption scandal in Mozambique to settle a long-running probe into tainted bonds for development projects.

Railway Customers Can Pursue £93M Class Action

A London competition tribunal granted permission on Tuesday for a £93 million ($128 million) lawsuit against three train operators accused of allowing passengers to pay double for their journeys to go ahead as a class action.

Farm Workers' Costs Won't Be Capped In Malawian Abuse Suit

A judge refused to cap legal costs on Tuesday as part of a lawsuit by dozens of Malawi women accusing a British agribusiness of failing to stop sexual assault on tea and nut plantations, saying the money the workers sought could be "life-changing."

Delivery Co. Loses Appeal Over Moped Courier Worker Rights

A moped courier hired by a delivery company in England is not an independent contractor, an appeals court said on Tuesday, in a decision heralded by workers' rights advocates as another blow to the gig-economy employment model.

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