Financial Services Financial Services

Standard Chartered should face MAXpower bribery claims, investors tell UK court

By Martin Coyle
  • 09 May 2024 16:07
  • 09 May 2024 16:07
Standard Chartered should face elements of a 286 million-pound (around $360 million) UK lawsuit that claims the investment bank breached US sanctions and was complicit in bribery, investors told a London court today.
The UK bank faces a claim from more than 200 institutional investors, who claim they bought shares in

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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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