On 31st July 2024, two years after proceedings began, following the service of two defence expert reports, the prosecution offered no evidence against all defendants on all charges. The defendants – a car dealership, its director and its general manager – were alleged to have sold vehicles to customers without informing them of outstanding manufacturer […]
Operation Clinical was a lengthy HMRC investigation into the illicit importation and distribution of millions of cigarettes into the UK by an Iraqi-Kurdish organised crime group. The cigarettes were smuggled into the UK by lorry amongst partially legitimate loads destined for British businesses. Once in the country, the cigarettes were ‘slaughtered’ at warehouses in the […]
On 3 May 2024, defendants were sentenced at Bristol Crown Court, having earlier pleaded guilty to three counts of conspiracy to defraud. The first defendant was sentenced to 4 years imprisonment; the second defendant 15 months. A co-conspirator faces proceedings in The Netherlands. Operation Jigsaw investigated a fraud perpetrated on thousands of cryptocurrency wallets held […]
Brendan Kelly KC and Vivienne Tanchel represented Mr Mohammed Zina in a 12 week trial at Southwark Crown Court. Mr Zina faced a nine count indictment, six counts of insider dealing and three counts of fraud. The case was prosecuted by the FCA. Mr Zina was an analyst at Goldman Sachs at the time the […]
The Bank of England’s Prudential Regulation Authority (PRA) has fined Credit Suisse £87 million for significant failures in risk management and governance in connection with its exposures to Archegos Capital Management (Archegos). The collapse of Archegos in March 2021 caused Credit Suisse worldwide losses of $5.5 billion and significant reputational damage. In June 2023, Credit […]
