Christopher Coltart QC (instructed by Gareth Minty, Mishcon de Reya) acted for an Investment Fund Manager in the recent private prosecution of a former employee of the company. The defendant had, over a period of more than nine years, manipulated company records to disguise a significant foreign currency fraud, as well as misusing the company’s […]
The Department for Business, Energy & Industrial Strategy (‘DBEIS’) brought a criminal prosecution against their client who had run an initially successful company, which then went into liquidation, owing creditors in the region of £2.9m. The DBEIS is the Government department responsible for economic growth, incorporating business, industrial strategy, science, innovation, energy, and climate change. Since […]
Narita Bahra QC and John Carl Townsend successfully defended in an International £11 million money laundering trial, where the defence advanced was Hawala Banking. It was asserted that the client had no knowledge or suspicion that money laundering was taking place and that the transactions had the appearance of genuine hawala transfers, please read here. […]
After a seven week five-handed HMRC prosecution at Southwark Crown Court, David Whittaker QC, leading Tyrone Belger, this week secured the acquittal of the lead defendant and Head of International Business Development at a London-based finance Company, on all six charges he faced. The Crown alleged that across just 2 years over £25 million cash […]
Welcome to the Autumn 2019 edition of the Business Crime & Financial Services Group Newsletter. In this edition: • Fiona Robertson considers the Deferred Prosecution Agreement (DPA) entered into by the SFO and Serco Geografix Ltd. This is the first time a parent company has given undertakings in relation to a DPA entered into by […]