ENRC: HOW MINING TYCOONS ARE TRYING TO FOIL A BIG UK BRIBERY PROBE

On 16th July, Mining Weekly carried a report alleging that a “last ditch effort” by a trio of Kazakh oligarchs – Alexander Machkevitch, Alijan Ibragimov, and Patokh Chodievto derail the UK’s biggest bribery investigation into Eurasian Natural Resources (ENRC, now renamed ERG), suspected of paying bribes to secure mines in Kazakhstan and in Africa.  They are reported as claiming that their own lawyer conspired with British police to incriminate them so he could fleece them for millions of pounds.  This could frustrate attempts to bring criminal charges against them and drag out proceedings for months.   They allege that a lawyer hired to investigate a whistleblower leaked details to the media to get the SFO to begin an investigation.

http://www.miningweekly.com/article/how-mining-tycoons-are-trying-to-foil-a-big-uk-bribery-probe-2018-07-16/rep_id:3650

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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