UK: Fraud squad successfully puts funds linked to Chad oil corruption claims on ice
24 Jan 2017

The fraud squad has today secured a property freezing order worth over £4m.

The Court of Appeal decided to enforce the property freezing order against Ikram Mahamat Saleh, covering £4.4m plus interest, which represents the sale proceeds of 800,000 shares in Canadian oil and gas company Caracal Energy, formerly known as Griffiths Energy International.

The Serious Fraud Office (SFO) alleges Saleh, the wife of the former deputy chief of mission for Chad in the USA, acquired the shares as a result of a series of corrupt transactions, which involved personnel and companies connected to diplomatic staff at the Chad Embassy in Washington, set up in a bid to further the company’s commercial interests.

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