Successful conviction of Alstom Executives - Martin Evans QC for SFO

Five convictions in SFO’s Alstom investigation into bribery & corruption to secure €325 million of contracts

Nicholas Reynolds was found guilty yesterday of conspiracy to corrupt following an extensive investigation and prosecution brought by the Serious Fraud Office.

There have now been 4 convictions in relation to this conspiracy to bribe officials in a Lithuanian power station and senior Lithuanian politicians in order to win two contracts worth €240 million. These individuals falsified records to avoid checks in place to prevent bribery and between them, the Alstom companies paid more than €5 million in bribes to secure the contracts.

The conviction of Nicholas Reynolds who is a UK national and former Global Sales Director for Alstom Power Ltd’s Boiler Retrofits unit followed a guilty plea from former Business Development Manager at Alstom Power Ltd John Venskus on 2 October 2017 and former Regional Sales Director at Alstom Power Sweden AB Göran Wikström on 22 June 2018 on the same charge. Alstom Power Ltd entered a guilty plea to one count of conspiracy to corrupt on 10 May 2016.

In sentencing Göran Wikström HHJ Martin Beddoe said:

““This was a very serious example of bribery and corruption that beleaguers the civilised, commercial world and is a cancer upon it”

Lisa Osofsky, Director of the Serious Fraud Office said:

“The culture of corruption evident within the Alstom Group was widespread. Their illicit activities to win lucrative contracts were calculated and sustained, undermining legitimate business and public trust.

If you would like to find out more, or instruct Martin Evans QC, please contact the Practice Directors.

Fiona Jackson delivers Asset Recovery in Combating Money Laundering and Terrorist Financing workshop in Georgia

At the invitation of the Council of Europe, on 21-22 November Fiona Jackson delivered a two-day workshop in Tbilisi to judges, prosecutors, police officers and financial investigators on criminal confiscation, non-conviction based forfeiture including civil recovery and Unexplained Wealth Orders, restraint and freezing, and maximising success in mutual legal assistance for international asset recovery as part of the CoE’s Partnership for Good Governance: Combating Money Laundering and Terrorist Financing in Georgia initiative. 

Fiona and her co-presenter Jean-Michel Verelst (Deputy King’s Prosecutor of Brussels and Director of the Belgian Central Office for Seizure and Confiscation) took delegates through key domestic and international legal frameworks, central concepts of asset recovery, and training exercises to cement understanding of best practice in drafting MLA requests and international restraint/freezing/enforcement to support asset recovery orders.

If you would like to find out more, or instruct Fiona, please contact the Practice Directors.

Fiona Jackson delivers Regional Mutual Legal Assistance workshop in Uzbekistan

Fiona Jackson was invited to Uzbekistan last week by the National Crime Agency and the British Embassy in Tashkent to deliver a three-day Regional Mutual Legal Assistance workshop as part of a team.  Delegates attended from prosecuting and police agencies in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan.     

During the workshop, which was designed to increase knowledge and awareness of international legislative asset recovery frameworks and worldwide mutual legal assistance capabilities, Fiona spoke on The International Financial Landscape – Legal Frameworks, Non-Conviction Based Confiscation, and Drafting Mutual Legal Assistance Requests, including an overview of the new Unexplained Wealth Orders and the detail required in MLA requests.  Delegates were also taken through practical exercises to draft international MLA requests in criminal and civil asset recovery proceedings, and worked through a comprehensive immersive training exercise designed by AML Consulting Ltd to enable them to manage and process financial enquiries and MLA requests in a time-pressured environment.

If you would like to find out more, or instruct Fiona, please contact the Practice Directors.