On May 11, 2015, the U.K.’s Serious Fraud Office (SFO) announced that Graham Marchment, a British procurement engineer, pleaded guilty to charges of conspiracy to engage in corruption in violation of the Criminal Law Act 1977. Marchment admitted that, between 2004 and 2008, he conspired with four others to leak confidential information to bidders in connection with more than $60 million of procurement contracts related to oil and gas engineering projects in Egypt, Russia and Singapore. In exchange for the information, bidders provided Marchment and his coconspirators with kickbacks disguised as commissions. A Southwark Crown Court sentenced Marchment to two and a half years in prison for each of the three counts against him, to be served concurrently.

Marchment’s guilty plea marks the end of a seven-year, multi-jurisdictional investigation by the SFO and City of London Police. In January 2012, Marchment’s coconspirators were convicted for their role in the scheme. At that time, Marchment resided in the Phillipines, which did not have an extradition treaty with the U.K. Marchment was apprehended when he returned to the U.K. in December after he was unable to renew his expired passport.

To learn more, see the SFO’s press release and WSJ coverage.