SFO Hits Currency Fraudster With £442K Confiscation Order

Law360, London (September 5, 2019, 5:57 PM BST) -- The manager of a polymer banknote manufacturer who was jailed for making corrupt payments to a Nigerian official has been told to pay back more than £441,900 ($543,000) or return to prison.

Peter Chapman has been given three months to comply with the confiscation order or face an extra four years in prison, the Serious Fraud Office said Thursday. Chapman made the money by bribing a senior officer of the Nigerian mint to secure contracts for polymer for his company, Securency Pty. Ltd., according to the agency.

Chapman was convicted after a joint investigation by the SFO and the Australian Federal...

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