Law360, London (July 31, 2020, 1:42 PM BST) -- The Serious Fraud Office clawed back £5.5 million ($7.23 million) on Friday from two former executives at the failed oil exploration company Afren PLC following their convictions on fraud and money laundering charges two years ago.
Former Afren CEO Osman Shahenshah owed the SFO in excess of £2.9 million following his conviction for fraud and money laundering. He and another former Afren executive had faced an additional eight years in prison if they did not pay a total of £5.5 million. (Simon Dawson/Bloomberg via Getty Images) Former Afren chief operating officer Shahid Ullah and former chief executive Osman Shahenshah surrendered the money...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!