A U.S. lawyer who advised ENRC on sanctions issues during the Kazakh miner's internal probe into suspected corruption blasted the Dechert partner who led the investigation for his "unprofessional behavior" at a London trial on Thursday.
ENRC Adviser Regrets Lying In SFO Tipoff About Dechert Atty law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
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Graft Probe Spiraled Out Of Control, Ex-ENRC Auditor Says
Law360, London (June 10, 2021, 2:57 PM BST) An internal fraud investigation into a Kazakh mining company was poorly managed by a former Dechert LLP partner and spiraled out of control, costing the company millions in unnecessary legal fees, a former executive testified on Thursday.
The former chairman of ENRC s audit committee has told the High Court that he was frustrated that a Dechert lawyer s probe into fraud allegations at the mining company kept expanding. (iStock) Gerhard Ammann, the former chairman of Eurasian Natural Resources Corp. s audit committee, testified at the High Court trial in London that he was frustrated that Neil Gerrard s probe into fraud allegations kept expanding.
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Billionaire mining tycoons said the U.K.’s fraud prosecutor colluded with their own “bullying” lawyer to leak confidential information and manufacture grounds for a criminal probe that’s dragged on for almost a decade.
The 11-week London trial between Kazakh miner Eurasian Natural Resources Corp. and the Serious Fraud Office started Monday as the company seeks 70 million pounds ($99 million) from the prosecutor, and hundreds of millions more from its ex-lawyer Neil Gerrard for money it says it spent on legal fees for internal investigations and defense.
The trial marks the beginning of the end of a near decade-long fight that’s involved several lawsuits and an eight-year criminal investigation. The probe, one of the SFO’s longest, is focused on allegations of fraud, bribery and corruption around the acquisition of substantial mineral assets. The mining firm, owned by billionaires Alexander Machkevitch,
A former Dechert LLP attorney accused of leaking confidential information about Kazakh miner ENRC to the media and Serious Fraud Office to expand his retainer was the victim of a campaign to "blacken" his name, the law firm argued at trial on Wednesday.