Press releases 2011 | Press room | SFO - Serious Fraud Office

Press releases 2011

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• Investigation into sale of South Wales mining sites

  16 March 2011

  The Serious Fraud Office is conducting an investigation into allegations of conspiracy to defraud in relation to the sale of four mining sites in South Wales.  Today, 16 March 2011, eight properties have been searched in connection with this investigation.

• Fraudster brought to account after twenty five years

  15 March 2011

  Vasant Advani was sentenced today after admitting a fraud committed over a quarter of a century ago. Unable to be prosecuted until now, the sixty-seven year old defendant, who left the jurisdiction for West Africa but returned years later for medical reasons, was today sentenced at Croydon Crown Court to 16 months imprisonment for 14 counts of dishonesty, which included 10 counts of false accounting.

• Arrests in SFO Kaupthing investigation

  09 March 2011

  Today, 9 March 2011, the Serious Fraud Office together with the City of London Police and with the assistance of Icelandic investigators mounted extensive search and arrest operations in London and Reykjavik.  The operations relate to the SFO's ongoing investigation into the circumstances surrounding the collapse of the Kaupthing banking Group.

• City Stockbroker charged with Fraud

  04 March 2011

  Nicholas Levene has today been charged with offences of fraud, forgery, money laundering and false accounting, Mr Nicholas David Levene (DOB 23. 04.1964) has today been charged with 16 offences relating to an alleged investment fraud. He has been charged with: 11 offences of fraud by misrepresentation (s1 (2) Fraud Act 2006) two offences of possession of an article for use in a Fraud (s.

• United Nations sanctions breaker jailed

  25 February 2011

  Riad El-Taher has been jailed for 10 months for making illegal payments to the Iraqi Government of Saddam Hussein in contravention of United Nations sanctions and UK law Riad El-Taher, a British citizen aged 71 from Esher, Surrey, has admitted that in 2001 he made four illegal payments totalling over $500,000 to the Iraqi Government in order to secure lucrative oil contracts.

• United Nations sanctions breaker sentenced

  25 February 2011

  Aftab Noor Al-Hassan has been sentenced to 16 months imprisonment, suspended for two years, for making illegal payments to the Iraqi Government of Saddam Hussein in contravention of United Nations sanctions and UK law. Aftab Noor Al-Hassan, a British citizen aged 66 from London, has admitted that in the period 2001-2002 he made 13 illegal payments totalling over $1.

• Mabey & Johnson Ltd: Former executives jailed for helping finance Saddam Hussein's government

  23 February 2011

  Two former directors and a sales manager of engineering firm Mabey & Johnson Ltd have been sentenced today for providing kickbacks to the Iraqi government of Saddam Hussein. Charles Forsyth, David Mabey and Richard Gledhill inflated the contract price for the supply of steel bridges and disguised illegal payments that were channelled through Jordanian banks.

• Former directors sentenced in Torex Retail false profits case

  18 February 2011

  Edwin Dayan and Christopher Ford have been given prison terms for defrauding the shareholders of the former AIM listed company Torex Retail Plc ("Torex"). Both were directors at the Torex subsid