SFO DPA with Tesco Stores Limited

It has been announced today that Tesco will pay a £129m fine and set up an £85m compensation fund for investors. The DPA will however need to be approved formally by the Court.

Reported variously as below:

http://www.bbc.co.uk/news/business-39419564

http://www.bbc.co.uk/news/business-39415681

http://www.telegraph.co.uk/business/2017/03/28/tesco-pays-129m-settle-serious-fraud-office-probe-accounting/

https://www.theguardian.com/business/2017/mar/27/tesco-and-serious-office-within-days-of-deal-over-accounting

http://www.standard.co.uk/business/tesco-boss-dave-lewis-serious-fraud-office-fine-draws-line-under-scandal-a3501006.html

Amanda Pinto QC advised the SFO in relation to the potential corporate prosecution.

Verdicts in £160m Financing Fraud

John Black QC and Catherine Collins secure acquittal for Company Secretary in £160m fraud.

John Black QC and Catherine Collins, instructed by Richard Holliday of Olliers Solicitors, secured the acquittal of their client in a £160m fraud trial at Southwark Crown Court.  Following a five month trial, the jury unanimously acquitted Kerry Lloyd of two counts of conspiracy to commit fraud by false representation, and one count of conspiracy to give corrupt payments.  

The SFO press release is here: https://www.sfo.gov.uk/2017/02/07/four-found-guilty-in-160m-financing-fraud/

 

Martin Evans to be appointed Queen's Counsel

Chambers is very pleased to announce the appointment of Martin Evans as Queen's Counsel at the Palace of Westminster on 13th February 2017.

Martin’s practice involves all aspects of the law relating to asset recovery, money laundering and confiscation. He is experienced in handling the most complex restraint, receivership and contempt proceedings in the High Court and the Crown Court. 

He is highly regarded in a broad range of serious crime, with an emphasis on fraud, money laundering and corporate criminal liability and corruption. Regularly instructed for the defence and the prosecution in heavy fraud cases.  Currently instructed to prosecute international corruption case for the SFO and to defend in a ‘carbon credit’ fraud.

Yearly, he is ranked in the first band for POCA Work and Asset Forfeiture in Chambers and Partners: "He is very good and very knowledgeable, and has a great eye for detail. His written work is extremely good, and he is very approachable and a real team player." “Clever, engaged, personable and very knowledgeable, he's a pleasure to work with.” ‘‘He’s very bright. Clear and concise in the advice he gives. He’s an excellent appellate advocate’’. "A calm, clear and measured advocate". "Clever and analytical but also charming and funny." 

Martin has a strong appellate practice; in the last two years he has been instructed in more than a dozen cases before the Court of Appeal in which he did not appear in the lower court.

The Legal 500 recommends Martin as 'a specialist in asset recovery, money laundering and confiscation cases.'  'He reduces complex matters to easy and understandable matrices of facts.' and ‘Solicitors trust him with silk-level work.’ He is a contributing editor of ‘Archbold’ with responsibility for the chapters on money laundering, corporate criminal liability and Revenue and Customs offences. He is co-author of ‘Corporate Criminal Liability’ (described as “scholarly and comprehensive” by Lord Hoffmann and as "a thoughtful work" by Lord Hughes). He is also a contributing editor of ‘Confiscation and the Proceeds of Crime’ – Mitchell, Taylor and Talbot.

Martin has delivered training on money laundering for the Bar Council; devised materials for a training program for the judiciary on restraint and receivership under the Proceeds of Crime Act 2002 and contributed to a SOCA program for expert witnesses in Money Laundering cases. He has provided training to the Metropolitan Police on investigative powers. He has given evidence on behalf of the Criminal Bar Association and Bar Council before the Home Affairs Committee on Proceeds of Crime legislation.  He regularly lectures on asset recovery and related topics. CPS Grade 4 Prosecution Advocate. SFO List A Counsel.

View Martin's full profile here: