The Civil Recovery Unit recovered £5.6 million under Proceeds of Crime legislation on 23 November 2012 after an Aberdeen drilling company accepted that it had benefited from unlawful conduct.
Abbot Group Limited (“Abbot”) was the first company to enter into a civil settlement under the self-reporting initiative since it was introduced in 2011.
Abbot admitted that it had benefited from corrupt payments made in connection with a contract entered into by one of its overseas subsidiaries and an overseas oil and gas company.
The contract was entered into in 2006 and the payments were made in 2007. The sum paid by Abbot represents the profit made by the company under the contract.
The corrupt payments were brought to light in May 2011 following enquiries by an overseas tax authority which resulted in an investigation by a firm of solicitors and a firm of accountants instructed by Abbot itself.
Abbot reported the results of the investigation to the Crown Office and Procurator Fiscal Service in July 2012 under the self-reporting initiative.