Court of Appeal Blazes Trail in Fight against Corporate Corruption

Court of Appeal Blazes Trail in Fight against Corporate Corruption The global fight against corporate corruption is gathering pace and English judges are leading the way. In one case that proved the point, the Court of Appeal ruled that £4.4 million held in a UK bank account had rightly been frozen as the suspected proceeds of crime. The money represented the proceeds of sale of 800,000 shares in a Canadian company that had been awarded valuable oil concessions in an African country. It was said to have been generated by a series of corrupt transactions that involved people and companies connected to diplomatic staff at that country’s embassy in Washington…