(Reuters) – The UK's serious fraud office has closed its four-year investigation into the bribery and corruption of the British subsidiaries of KBR Inc., a US listed technology, procurement and construction company.
The investigator and prosecutor further said on Thursday that it had not revealed enough evidence to continue the case.
KBR said it was "pleased and supportive" of the decision, which followed similar announcements from the US Department of Justice and the Securities and Exchange Commission that put "a definitive conclusion on this issue."
The conclusion of the case is the latest In a series of major investigations concluded under SFO Director Lisa Osofsky, inquiries about British American Tobacco, aircraft engine manufacturer Rolls-Royce and the pharmaceutical company GlaxoSmithKline have all been dropped over the past two years.
Some lawyers say long cases need to be rolled out fired because SFO can only continue with criminal investigations if the evidence supports a realistic prospect of a conviction and if prosecution is in the public interest.
"Closing cases that are ultimately" without bones "is obviously the right thing to do," says Sarah Wallace, a lawyer at Constantine Law, added that this would help clear desks and capacity for an expected wave of workshops. activities due to pandemic-related offenses.
SFO's investigation into KBR ended in a dispute at the UK's Supreme Court last month over whether it was wrong to try and force foreign companies to hand over documents held abroad.
In a blow to the Office, the Supreme Court ruled that it had no extraterritorial scope ̵
SFO said that the decision had no significance for its decision to end the KBR investigation.
The KBR investigation was originally related to a comprehensive investigation into Unaoil, a Monaco – based oil and gas consultancy, which has led to four men in the UK being convicted of bribery to secure $ 1.7 billion contracts for Unaoil and western, blue-chip customers.
In 2019, Unaoil's former CEO and CEO Cyrus and Saman Ahsani pleaded guilty in the United States to being part of a 17-year system of paying millions of dollars in bribes to officials in the Middle East, Africa and Central Asia. Catalog