BRIDGEBUILDER REPAYS SHAREHOLDER AGREES CIVIL RECOVERY BY SFO IN MABEY & JOHNSON
January 1st, 2012
BY JAMES FULLER
THE SERIOUS Fraud Office (SFO) has welcomed the final act in the long-running Mabey & Johnson (M&J) Iraq bridge-building contracts case: the High Court accepting an SFO bid demanding its sole investor (parent company Mabey Engineering (Holdings) Ltd) repay more than GBP130,000 of share dividends made from contracts won through unlawful conduct.
SFO Director Richard Alderman hailed it as "the final act in an exemplary model of corporate self-reporting and co-operative resolution".
However, he also used it to highlight a renewed ...
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