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Tuesday 20th of April 2010

News Tag: Serious Fraud Office

December 16, 2009

Kaupthing under investigation for fraud

by Kay Murchie
”Kaupthing
An investigation is underway at Kaupthing - the Icelandic bank which collapsed last autumn. Kaupthing, which was once Iceland's largest bank, collapsed along with Glitnir and Landsbanki at the height of the banking crisis last year and all three banks had to be nationalised. This led the Iceland Government to seek billions of dollars worth of aid from the International Monetary Fund, as well ...



October 2, 2009

BAE called to account over corruption

by David Masters
BAE called to account over corruption
BAE Systems, Britain's biggest arms manufacturer, is to be prosecuted on corruption charges. The Serious Fraud Office (SFO) has said it plans to take BAE to court over alleged bribes paid in Eastern Europe and Africa. Ricard Alderman, SFO director, said the SFO "intends to seek the attorney general's consent to prosecute BAE Systems for offences relating to overseas corruption and will prepare ...



February 2, 2009

Barclays shares plunge as credit rating cut

by Kay Murchie
”Barclays
Shares in Barclays have plunged 9% to 96p this morning after Moody’s downgraded the bank’s long-term debt rating from Aa1 to Aa3, while its financial strength rating was cut from B to C. Moody’s said it expects the bank to announce considerable further losses on credit related write-downs. Barclays stock has been hit hard over the last month with shares falling 31% ...