Sarclad Bribery Probe Found Contract Issues, Manager Says

Law360, London (May 30, 2019, 7:21 PM BST) -- Sarclad Ltd.’s internal probe into bribery allegations against some executives uncovered “contracts of concern” while reviewing purchase agreements the metals technology provider pursued with steel industry clients, a former operations manager testified.

Ian Dennis, who joined Sarclad as head of operations in December 2011, testified Tuesday in Southwark Crown Court that one such agreement included €150,000 ($167,000) set aside for a contact with a Chinese company in order for Sarclad to land a €1.9 million deal to provide a piece of steel-related equipment.

According to the Serious Fraud Office case, Sarclad founder Michael Sorby and former sales managers Adrian Leek and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!