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U.K. SFO Told Soma No Evidence of Crime Found in Bribe Probe

  • Soma lost August court bid to make SFO end its bribery probe
  • Ruling shows SFO said no ‘realistic prospect of conviction’
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The U.K. Serious Fraud Office told Soma Oil & Gas Holdings Ltd. in August it had found "insufficient evidence of criminality" in its probe of possible illegal payments to Somali officials, according to a letter cited in a London court judgment.

The letter from the SFO was referenced in a ruling handed down Wednesday after Soma asked a court to force the agency to end its bribery investigation into the company. The application was refused at a hearing in August. The letter was one of the main reasons Soma said the prosecutor should be made to end the probe.