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SFO Charges Additional Individual Defendant in Connection with German-Based Company North Sea Investigation
The United Kingdom’s Serious Fraud Office (SFO) has reportedly charged the former chief commercial officer of a German-based company with two counts of conspiracy to make corrupt payments to assist the company with attaining or retaining contracts for freight forwarding services to the North Sea oil exploration project Jasmine. The former executive is the seventh individual charged, in addition to the company, with violations of section 1 of the UK Prevention of Corruption Act 1906 and section 1 of the Criminal Law Act 1977 for alleged conduct between January 2010 and May 2013 in connection with the Jasmine project.
The charges follow on the heels of separate corruption charges against the company and other individuals related to an Angolan project. Last July, the SFO charged the company and seven individuals with violation of section 1 of the Prevention of Corruption Act 1906 and section 1 of the Criminal Law Act 1977 through conspiring to make corrupt payments between January 2005 and December 2006 to an agent of the Angolan state oil company, Sonangol, in order to facilitate the company’s freight forwarding business operations and contracts in Angola.
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