Sweett ordered to pay out £2.3m for Middle East bribery

Aaron Morby 11 months ago
Share

Construction consultant Sweett Group has been ordered to pay £2.3m for a bribery offence related to its Middle East division.

Southwark Crown Court today sentenced the firm, ordering it to pay a £1.4m fine and a further £851,152 confiscation fee, judged to be the benefit derived from illegal payments.

Sweett was accused of paying bribes to win contracts in the Middle East and pleaded guilty to the charges in December. It is the first company to be convicted under new UK bribery laws.

The consultant was also ordered to pay £95,000 to cover the prosecution’s legal costs.

Judge Beddoe said that Sweett Group had willfully ignored two KPMG reports in 2011 and 2014 flagging up weaknesses in the company’s systems and controls.

Douglas McCormick, CEO of Sweett Group said: “Sweett Group’s Middle East legacy issue is closed and this marks an important step in the delivery of the company’s new strategy.

“Over the last year, the company has been transformed with the appointment of a new leadership team, which has successfully addressed key issues facing the business.”

He added: “We have strengthened our internal systems, controls and risk procedures, and refined our strategy, focusing on profitability and cash flow.”

 

Latest news

B&K wins Altrincham hospital rebuild

Work to start on South Trafford Health & Wellbeing Centre in March
1 min ago

Opinion: Time to call off the QS cash vampires

Industry can do without new breed of aggressive quantity surveyors
3 hours ago

Prime Minister unveils £556m Northern Powerhouse boost

Funding boost for Goole intermodal terminal and Blackpool Winter Gardens extension
3 hours ago

22 Bishopsgate to get fastest lifts in Europe

Otis wins contracts for 30km per hour lifts
2 hours ago

Historic builder wins £15m Brighton Royal Pavilion revamp

First phase of the restoration programme involves the Corn Exchange building
2 hours ago

Wates gets green light for £30m Cumbria campus

Works set to start next month on Whitehaven school complex
3 hours ago

JS Wright lands record M&E package

Specialist to start work on £5m north London deal in April
3 hours ago

Scaffolding giant Palmers back under British ownership

New owner Colin Butt seals post-Brexit deal with German firm Xervon
3 days ago

Subbies under attack from new breed of aggressive QS

Specialists at war with main contractor quantity surveyors
3 days ago

Asbestos analyst fakes air testing certificates

Court hears how safety checks were not carried out properly on Manchester site
3 days ago

Ealing set for first major office scheme in a decade

Demolition work to start in April paving way for £50m building project
3 days ago

Subcontract rating wins Buckingham £37m waterpark

Coventry City Council scores package contractors in picking winning main contract bid
4 days ago

Crossrail in chaos as M&E work ripped out

100 electricians let go at Paddington as installation work grinds to a halt
4 days ago

Barratt finance boss exits after 15 months

Neil Cooper is leaving by mutual consent with immediate effect
3 days ago

Trade body questions future of CITB

Skills body in the firing line as it gears-up for crucial levy vote
4 days ago

Skills cards for fringe trades to be phased out

230,000 Construction Related Occupation cards to become obsolete
4 days ago

Mott MacDonald names new managing director

Mike Haigh rises from graduate to group MD in 35 years at Motts
3 days ago

Betting Spy: Rampant Spurs a big price at Man City

A Tottenham and Everton double pays a healthy looking 7/1
4 days ago

Pod specialist makes appeal to creditors

Modular contractor Aartoft could be heading for CVA
4 days ago

Plans lodged for 19-storey Coventry student block

Developer Crosslane submits 583-bed student accommodation scheme
4 days ago

Morgan Sindall wins Liverpool Knowledge Quarter work

Liverpool City Council awards two contracts worth £47m on Paddington Village scheme
5 days ago

Van Elle profit dips after Stock Market listing

Fall in specialist piling business profits hits first half performance
4 days ago

Skanska tightens grip on south west highways

Latest £175m Somerset deal follows £245m Devon highways term maintenance agreement
4 days ago

Watkin Jones targets PRS as profits surge

Strong student accommodation pipeline builds platform for growth
5 days ago

Morgan Sindall crowned 2016 contracts champion

Wates, Willmott Dixon and Mace join top 10 firms winning most work last year
5 days ago

Ex-Balfour finance chief to join Mitie after another profit warning

Two-day board meeting at Mitie to review strategy
5 days ago

Lendlease set for landmark £350m Google HQ job

Decision taken on vast King's Cross building contract last Thursday
6 days ago

U+I plans £300m of office refurb work

Developer links up with American firm to target sites in London, Manchester and Dublin
5 days ago

Loxam ups bid for Lavendon to £459m

Belgian and French giants slug it out for control of Leicester-based powered access specialist
5 days ago

Plans in for £40m Aberdeen FC stadium

Dons press ahead with 20,000-seat stadium and football academy plan
5 days ago

Contractor services