A London court sentenced on Thursday Ziad Akle, the former manager of the Monaco-based energy consultancyUnaoil, to five years behind bars for paying over US$500,000 in bribes to secure a $55 million contract to supply offshore mooring buoys in Iraq.
Two former managers of the Monaco-based energy consultancyUnaoil have bribed Iraqi authorities to secure favorable contracts in the war-torn country, a UK court established in a process that was marred by accusations against the head of the UK Serious Fraud Office of having been vulnerable to flattery from an Unaoil agent.
British border police arrested two Albanian nationals suspected of breaking into the London Container Terminal in Tilbury to retrieve packages of drugs with a street value of more than £1 million (US$1.23 million), the UKNational Crime Agency (NCA) said on Wednesday.
Britain’sHigh Court in London rejected on Monday the appeal of Indian businessman Vijay Mallya against a 2018 decision to extradite him to India where he is charged with fraud linked to his Kingfisher Airlines (KFA) which collapsed in 2012.
The UK is planning a £100 million (US$130 million) levy on companies and banks to combat money laundering, according to the country’s 2020budget proposal that was published on Wednesday.
A London court cleared on Friday three Barclays’s executives of fraud charges that claimed they funneled US$418 million in secret fees to Qatar in return of rescuing the UK-based bank from a state takeover during the 2008 financial crisis.
The UK National Crime Agency has reached a 190 million pound (US$248.33 million) settlement with a Pakistani real estate tycoon following a “dirty money” investigation that may have involved bribery and corruption,The Guardian reported.
United Kingdom has suspended a convictedprisoner exchange agreement with Pakistan, signed in November 2018, due to leniency in the law and punishment to drug smuggler criminals in Pakistan,Dawn has reported.
An intelligence report, which was supposed to be published this week and which publication the Cabinet of the UK’s Prime Minister Boris Johnson blocked last week, names nine Russian businessmen who donated to the Conservative Party,The Sunday Times reported.
The same day the OCCRP revealed new evidence of the global extent of money laundering networks, the UK government dropped a scheduled debate on an amendment to the Financial Services Bill which would force greater transparency into the use of crown dependencies as tax havens.
The UK joined Finland, Sweden, Ireland, and UNICEF this week in suspending all social welfare aid to Zambia after allegations of widespread fraud and corruption surfaced.
Three British waste disposal companies are under investigation by the UK’s Environment Agency for sending more than 1,000 tons of falsely labelled recyclable waste to Poland, according Angus Anderson, the agency’s communications officer.
Six men who used small boats and tried to use a jet-ski to smuggle migrants from the north coast of France to the UK were found guilty on Tuesday after a nine week trial and three year investigation, according to the National Crime Agency (NCA).
In an international effort, authorities in three European countries arrested on Thursday 26 people suspected of facilitating illegal immigration.
Journalist and author Roberto Saviano, known for exposing the economic reality of organized crime in his native Italy, has claimed that the UK is the most corrupt nation on earth.
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