Mining Tycoons Take to Court to Stall U.K. Corruption Probe
- ENRC claims Serious Fraud Office’s investigation is unlawful
- Prosecutors started probing company for corruption in 2013
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Kazakh mining company Eurasian Natural Resources Corp. asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation.
ENRC, once listed on the FTSE 100 Index, asked London’s High Court in a filing this month to force the Serious Fraud Office to withhold any charges until the completion of a review by a retired judge. ENRC alleges that the SFO investigation went beyond what is allowed for a prosecutor.