David Spens QC was instructed to represent the Director of Business Development in Africa of an Australian company Securency, a supplier of polymer substrate used to manufacture polymer banknotes, who was accused by the SFO of paying bribes to Nigerian Security and Minting PLC to obtain contracts worth millions of Euros.
After trial, The Serious Fraud Office (SFO) had initially sought a confiscation order of £1.2m. The matter was settled for £440k.
David was instructed in this matter by Raj Chada, of Hodge Jones & Allen.
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David Spens KC