Settlements

ST-463
Innospec / Paul Jennings
Innospec
United Kingdom
Serious Fraud Office
Indonesia, Iraq
2014
8/4
United States
Individual
Criminal
Guilty Plea
Legal Costs
$8,409
$0
$0
$0
$8,409
$0
NA
Art.16
Art. 1
Conspiracy to bribe foreign officials
Conspiracy to bribe foreign officials
Yes
According to the UK Serious Fraud Office, "Four men were today sentenced for their roles in bribing state officials in Indonesia and Iraq, following a Serious Fraud Office investigation into Associated Octel Corporation (subsequently renamed Innospec). Dennis Kerrison, 69, of Chertsey, Surrey, was sentenced to 4 years in prison. Paul Jennings, 57, of Neston, Cheshire, was sentenced to 2 years in prison. Miltiades Papachristos, 51 of Thessaloniki, Greece, was sentenced to 18 months in prison. David Turner, 59, of Newmarket, Suffolk, was sentenced to a 16 month suspended sentence with 300 hours unpaid work Mr Kerrison and Dr Papachristos were convicted of conspiracy to commit corruption in June 2014 in relation to Indonesia only. Mr Jennings pleaded guilty in June 2012 to two charges of conspiracy to commit corruption and in July 2012 to a further charge of conspiracy to commit corruption in relation to Indonesia and Iraq. Dr Turner pleaded guilty to three charges of conspiracy to commit corruption in January 2012 in relation to Indonesia and Iraq. [ ] Upon sentencing the defendants, HHJ Goymer said: “Corruption in this company was endemic, institutionalised and ingrained… but despite being a separate legal entity it is not an automated machine; decisions are made by human minds. [ ] Innospec itself pleaded guilty in March 2010 to bribing state officials in Indonesia and was fined $12.7 million in England with additional penalties being imposed in the USA. Dr Turner was also ordered to pay £10,000 towards prosecution costs and Mr Jennings was ordered to pay £5000 towards these costs. Dr Turner and Mr Jennings have already been subject to disgorgement pay £5000 towards these costs. Dr Turner and Mr Jennings have already been subject to disgorgement of benefit by the US Securities and Exchange Commission. The matter of costs for Mr Kerrison and Dr Papachristos has been adjourned pending the hearing of confiscation proceedings against them." (Source: UK Serious Fraud Office Press Reease, "Four sentenced for role in Innospec corruption," August 4, 2014.)