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U.K. Fraud Cops Slammed For Failures in Oil Bribery Case

  • Judges overturn oil executive’s conviction in blow to SFO
  • Ruling exposes SFO’s handling of the sprawling bribery probe
Photographer: Chris Ratcliffe/Bloomberg
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The U.K.’s top fraud prosecutor was dealt an embarrassing blow after judges overturned an oil executive’s conviction as part of a sprawling bribery suit that it dedicated years to investigating.

A London appeals court quashed Ziad Akle’s conviction on Friday, in a ruling that criticizes the Serious Fraud Office for its relations with a U.S. fixer and for not disclosing key documents. Akle was found guilty of bribing senior Iraqi public officials to secure lucrative oil projects last year.