EX-MABEY CHIEF TO FACE GRAFT CHARGES
Thursday 14 January 2010
By Michael Peel, Financial Times
The former chief of a construction company that works in dozens of poor countries is to be prosecuted over alleged corruption, in a landmark case likely to be closely watched by other directors facing similar troubles.
The Serious Fraud Office plans to charge David Mabey with false accounting and breaching United Nations sanctions on Iraq after his company, Mabey & Johnson, last year admitted both sanctions-busting and bribing foreign officials in six countries.
The case is the first of what is expected to be a series of follow-on criminal actions against individual executives from companies that have made confessions of wrongdoing in exchange for more lenient treatment.
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