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7.07.12

Publishing giant admits receiving income derived from bribery and consents to £1.9M Civil Recovery Order

A settlement agreement worth nearly £1.9 million has been reached in the serious Fraud Office (sFO)’s High Court action against Oxford University Publishing Limited (OUP).  The claim was brought under Part 5 of the Proceeds of Crime Act 2002 (POCA). OUP admitted that between 2007 and 2010 two of its wholly-owned subsidiaries in Africa made a number of payments to government…