27 October 2010
Former insurance director sentenced to jail for business crime
A former director of a UK-based insurance broker company has been jailed and ordered to pay compensation of £100,000 after he was found to have acted corruptly in the fiscal services sector.
Julian Messent - who used to work for PWS International, a firm established in 1964 and based in London - pleaded guilty to making two corrupt payments between February 1999 and June 2002 during a case at Southwark Crown Court, which contravened regulations listed in the Prevention of Corruption Act 1906.
Messent will serve 21 months in prison and must pay the compensation to the Republic of Costa Rica - a Central American country - within the next 28 days or an additional year will be added to his sentence.
This charge follows a joint investigation conducted by the Serious Fraud Office and the City of London Police - which has been going on since 2006 and related to transactions with several organisations in Costa Rica.
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Posted by Richard Saunders