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Unaoil Iraq Partner Pleads Guilty To Bribery Charges
A former oil executive has pled guilty to conspiring to bribe officials to secure contracts in Iraq for clients of the Monaco-based oil consultancy Unaoil, the first conviction in the Serious Fraud Office’s three-year investigation.
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A U.K. tribunal on Friday tossed Dominic Chappell's appeal challenging a £10 million ($12.5 million) demand from The Pensions Regulator, saying the former BHS retail chain owner "took no serious steps" to follow through with his case.
A trial over a private equity firm’s claim that Barclays Bank PLC defrauded it at the height of the financial crisis has been postponed until June to ensure enough time for the parties to weigh the outcome of parallel criminal proceedings, a judge ruled Friday.
Credit Suisse AG lost its attempt on Friday to claw back £239 million ($300 million) it paid on bankers' bonuses in the wake of the financial crisis after a London court ruled that Britain levied the tax fairly.
An Ernst & Young unit opposed as unnecessary Thursday a disclosure request from a whistleblower at its Middle East outpost who accuses E&Y entities of suppressing audit findings indicating that a Dubai company laundered money and bought gold from conflict zones.
The former owner of an oil tanker has asked a judge in London to force dozens of insurers to cough up $77 million after Venezuelan authorities seized the ship, claiming the events are covered as an act of war.
Danske Bank said Thursday that its net profit for the first half of 2019 has fallen 24% against the same period a year ago, pinning the blame partly on compliance costs connected to a money-laundering probe and allegations that it overcharged customers.
British investigators have secured their first unexplained wealth order linked to an individual with suspected connections to organized crime in an investigation into a £10 million ($12.5 million) property empire, the National Crime Agency said Thursday.
A London appeals court ruled Wednesday that the U.K.'s state-run health care system must pay the full insurance premiums two people incurred suing a hospital for medical malpractice, a landmark ruling that could shape clinical negligence lawsuits.