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Browse: Home / 2010 / June / 29 / UK: SFO Plans to Proceed With £30m BAE Settlement

UK: SFO Plans to Proceed With £30m BAE Settlement

By Securities Docket on June 29, 2010, 1:56 pm

Prosecutors plan to press on with a settlement under which BAE Systems will pay a fine of £30m in spite of judicial criticism of other agreements made to settle cases of suspected corporate corruption, the FT reports.

The Serious Fraud Office hopes to bring the matter to court before the summer break under the original terms of the agreement. The FT reports that judges have raised concerns about agreements the SFO has struck with corruption suspects in prosecutions in the past few months involving Innospec, a Cheshire-based chemicals company, and John Dougall, a former healthcare executive.

FT: Prosecutors to push on with £30m BAE deal.

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Posted in Global, Top | Tagged Settlements, SFO, UK

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