September 5, 2019

Former Securency manager ordered to pay £441,944.38 following foreign bribery conviction

On September 5, 2019, the UK Serious Fraud Office announced a confiscation order of £441,944.38 entered against a former manager of a polymer banknote manufacturer.  The manager, Peter Chapman, was convicted after trial at Southwark Crown Court in 2016 for making corrupt payments to a Nigerian official in order to secure contracts for Securency International PTY Ltd, in violation of the Prevention of Corruption Act 1906.  He was sentenced to 30 months in prison.  If Chapman fails to pay the confiscation, which represents the amount of his criminal benefit, he faces a default prison sentence of four years.