Ex-Owner Of Screw Maker Gets 2 Years For Bribery Scam
Law360, London (June 27, 2019, 9:01 PM BST) -- The former owner of a British manufacturing company has been sentenced to two years in jail and ordered to pay £4.5 million ($5.7 million) after pleading guilty to a six-year bribery scheme, the Serious Fraud Office said Thursday.
Carole Ann Hodson, 63, was sentenced at Walsall Magistrates’ Court over a bribery scheme she operated between 2011 and 2016, to secure £12 million worth of contracts for ALCA Fasteners Ltd., a screw-making company she owned at the time.
Hodson, who was the managing director and majority owner, funneled nearly £300,000 in bribes to a Norwegian purchasing manager employed by the Germany-headquartered Würth...
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!