Serious Fraud Office (SFO) in Britain has recently terminated an investigation against John Bonoh Sisay for lack of evidence.
Sisay was being investigated for alleged corruption, fraud and money laundering offences.
New Age was reliable informed that the criminal investigation did not find either John Sisay or Sierra Rutile wanting for any of the allegations at the time they conducted business in Sierra Leone.
The Anti-Corruption Commission (ACC) has also been looking into the same allegations, and the SFO conclusions might help them to speedily conclude their probe with similar outcomes.
SFO which the equivalent of ACC in Sierra Leone picked up the case under the UK Bribery Act of 2010 which prohibits British companies from involving in any forms of bribery or corruption while carrying work or business abroad.
Sierra Rutile Limited was a British registered company until it was sold to Australian sand miner ILUKA Limited.
SFO takes on cases with “the reputation and integrity of the UK as an international financial centre” in mind.
John Sisay, the current Chief Executive Officer (CEO) of a copper mines Weatherly Limited in Namibia, was also investigated for four years for an alleged money laundering case while serving as CEO at Sierra Rutile.
SFO is known to have wide investigative powers which, according to their website is not limited to pursuing criminals abroad. The website states, “we also pursue criminals for the financial benefit they have made from their crimes and assist overseas jurisdictions with their investigations into serious and complex fraud, bribery and corruption cases.”
This indicates that there is the possibility that they might have gone through all aspects of Sierra Rutile and John Sisay’s activities up to the time the company was sold off.
”If there were any case to answer including what the Commissions of Inquiry (COI) are ordering a criminal investigation into, the SFO in England would have picked it up after four years of thorough investigations by one of the best in the world specialist prosecuting authority tackling the top level of serious or complex fraud, bribery and corruption cases.” a UK criminal solicitor stated.
Investigations into conduct of business at Sierra Rutile limited started in 2016 after it was sold to Iluka Limited.
It began with an alleged bribery investigation by Sierra Leone Anti-Corruption Commission (ACC) involving John Sisay and other senior staff of the company.
Sisay, who was CEO of the company, was not charged for lack of evidence against him.