The fraud charges and investigation being launched against Volkswagen have shown the financial and reputational damage that can be wrought by fraud allegations.

The fraud charges and investigation being launched against Volkswagen have shown the financial and reputational damage that can be wrought by fraud allegations. It is estimated that the fines and lawsuits brought against the company will exceed those brought against Enron and that the company’s potential liability to Environmental Protection Agency fines is $18 billion. It is likely that the company will also face class action law suits from car dealers and buyers.

This webinar will provide in house lawyers with an overview and analysis of important issues in white collar crime over the last year, including:

  • The impact of the Conservative government’s indication that it will not introduce a general offence for corporates of failing to prevent economic crime
  • A review of the biggest fraud cases to hit the headlines this year – including Toshiba, Tesco’s overstatement of profits cases and the LIBOR trials (including the Tom Hayes case)
  • The implications of the Volkswagen case
  • A review of the Bribery Act five years on and recent cases including FIFA and Compass
  • The treatment of whistleblowers
  • New procurement provisions and the risk of debarment of corporates convicted of a criminal offence
  • The potential new criminal offence of facilitating tax evasion
  • Unexplained wealth orders