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23/02/2016

Sweett Group Fined £1.4m For Middle East Bribery Offences

Sweett Group has been fined £1.4 million for a bribery offence relating to its division in the Middle East.

In addition, Southwark Crown Court ordered over £850,000 is to be confiscated as judged to be the profits from illegal payments.

Sweett was accused of paying bribes to win two contracts in the Middle East in 2013.

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The company pleaded guilty to Section 7(1) of the UK Bribery Act 2010 (failing to prevent an associated person from bribing another to attract or retain business for the Company) on 02 December 2015.

The confiscation fee is to be paid within three months; 50% of the fine to be paid by February 2017, with the remaining sum to be paid by February 2018.

Sweett has also been ordered to pay £95,000 in costs.

Douglas McCormick, CEO of the group, said: "Sweett Group's Middle East legacy issue is closed and this marks an important step in the delivery of the Company's new strategy."

(LM/MH)

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