Construction, Court Cases, MENA (Middle East & North Africa) - Written by Barry & Richard on Thursday, February 10, 2011 12:17 - 0 Comments
BREAKING: Mabey & Johnson directors found guilty in illegal kick back case
Today at Southwark Crown Court two directors of Mabey & Johnson were found guilty by a jury of inflating the contract price for steel bridges to pay kick-backs to Iraqi Government under Saddam Hussein. Sentencing is to take place on February 23rd. The Directors had denied knowledge of the activity. Lawyers for one of the Directors reportedly said that he had been instructed to launch an appeal.
In the meantime the case illustrates a point often overlooked in the present debate over the Bribery Act.
Irrespective of the Bribery Act the SFO has upped its enforcement game significantly in relation to corruption. Organisations are well advised to adopt Adequate Procedures to prevent bribery now under the existing regime and in readiness for the entry into force of the new legislation which Vince Cable was yesterday reported to say will enter into force sooner rather than later.