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Jamie Sharma led by John McGuinness QC succeeds in the Court of Appeal, as it upholds the fraud and money-laundering convictions of the ex-CEO of the FTSE250 oil and gas corporation, Afren PLC.

18. Oct 2019

The Court of Appeal described the conduct as “extremely sophisticated ... reprehensibly corrupt and dishonest”. It also upheld a sentence of six years’ imprisonment.

Osman Shahenshah was found to have abused his position by arranging the receipt and distribution of side payments during the negotiation of oil contracts worth $300m. Following a two-month trial at Southwark Crown Court, the jury unanimously found Shahenshah and his co-defendant, Shahid Ullah, guilty of failing to disclose transactions to the Afren Board and laundering the proceeds of crime through offshore companies for the benefit of a select ‘A-Team’. Jamie was instructed in 2015 at the commencement of the SFO’s investigation and on appeal. He is a specialist lawyer in global investigations, financial crime and regulation, tax, civil fraud and public law.

[PRESS REPORTS [Global Investigations]]

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