Convictions highlight risks of corrupt business practices

Posted: 7th March 2012

Four businessmen who made corrupt payments in connection with substantial contracts in Russia, the Middle East and Singapore between 2001 and 2009 have been sentenced to terms of imprisonment ranging from 12 months (suspended) to five years recently. The four acted as ‘middlemen’ in contracts worth tens of millions of pounds.
Construction site
The convictions were the result of an investigation by the Serious Fraud Office and the City of London Police and the prosecutions were brought under the law that was in place prior to the introduction of the Bribery Act 2010, which provides more severe penalties.
Confiscation orders are also being sought in three of the cases.
The prosecutions should serve as a reminder to any businessperson of the dangers of engaging in unlawful activity in order to win contracts.