Financial Crime Financial Crime

Balli Steel executives ‘spun’ a story over loan for ‘fake’ shipment, UK court told

By Martin Coyle
  • 15 Sep 2022 14:05
  • 15 Sep 2022 14:05
Balli Steel executives “spun” a story to officials of The Economy Bank in 2012 to secure a multi-million dollar loan for a shipment of steel that didn’t exist, a UK court was told today.
Serious Fraud Office prosecutor Jane Bewsey told jurors at Southwark Crown Court in London about

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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