BRIBERY ACT WILL FORCE GRAFT OUT OF OIL AND GAS SECTOR SAYS SFO BOSS
November 1st, 2014
THE UK oil and gas industry has been warned by a joint head of fraud at the UK’s Serious Fraud Office (SFO) that it may face an increase in prosecutions because of the UK Bribery Act, which came into force in 2011. Stuart Alford QC, told the 2nd Annual Anti-Corruption in Oil & Gas conference, held in London on November 17-19, that the law represents “a major commitment to ethical corporate culture”.Alford noted that the first Bribery Act prosecution brought by SFO currently in front of a jury at Southwark Crown Court in London focuses on the biofuel ...
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