June 18, 2024
Faras Baloch and Alexis Dite have acted for the UK Serious Fraud Office in connection with the SFO’s investigation into corruption at the commodity trading giant’s London-based West Africa desk, which sourced and traded crude oil from across Africa.
Glencore pleaded guilty to seven counts of bribery in 2022 paying up to £280mn after it was accused of using $29mn in bribes to gain preferential access to African oil.
The financial penalty was the largest the SFO has ever secured following a conviction.
Faras Baloch is a specialist in the most serious and complex criminal cases with particular expertise in Business Crime & Fraud, Money Laundering & Proceeds of Crime, Financial Services Regulation & Professional Discipline. He acts for and against companies and senior professionals accused of serious financial misconduct and has advised in internal investigations relating to financial misconduct by major financial institutions and breaches of international Sanctions. Read more: [Faras Baloch Profile]
Alexis Dite acts in Business Crime & Fraud and has experience in the conduct of sensitive and complex internal Investigations, including those involving potential Fraud, potential Bribery & Corruption, potential breaches of Financial Services Regulation and Money Laundering & Proceeds of Crime regulations, or potential breaches of international Sanctions. Read more: [Alexis Dite Profile ]
News stories:
[Financial Times]
[Bloomberg]
[Law360]
[Global Investigations]
