Charges in £66m energy fraud probe

24 September 2010

24 September 2010 | Lindsay Clark

Two employees from procurement companies are among five individuals who have been linked to an energy sector corruption ring.

Andrew Charles Rybak of Newbury, Berkshire, and Ronald Gwyn Saunders, of Hook, Hampshire appeared before the City of London Magistrates’ Court, along with three other men, charged with offences of conspiracy to corrupt.

It follows a two-year probe by the Serious Fraud Office (SFO) into bidding for multimillion pound engineering contracts in the energy sector.

In a statement, the SFO said: “Some of the defendants were employed by the companies responsible for the procurement of these projects and are alleged to have passed confidential information to others who then offered to provide it to companies bidding for the contracts in return for a percentage of the contract value.”

The charges cover five contracts between 2001 and 2009 worth a total of £66 million.

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