UK Drops Bribery Case Against Dahdaleh, Blames Akin Gump

Law360, New York (December 10, 2013, 6:19 PM EST) -- The U.K. Serious Fraud Office on Tuesday announced that it is abandoning its case against London-based businessman Victor Dahdaleh, who was charged with bribing officials of a Bahraini state-owned smelting company, after two Akin Gump partners refused to testify in the case.

The SFO told the Southwark Crown Court that it was offering no evidence in the case after it concluded there was no realistic prospect of securing a conviction in light of the Akin Gump partners Mark MacDougall and Randy Teslik, who sought to place...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.