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Bark & Co Defends £30m Carbon Credit Fraud

By barkcosolicitors | Published June 22, 2012Bark & Co has been instructed to defend a director charged with cheating the revenue through a manipulation of the trade in carbon credits. The prosecution allege in turn that the proceeds were concealed by being transferred offshore. The alleged loss to the revenue is estimated at £30m. The allegations are denied. An investigation into a £38m carbon trading VAT fraud has resulted in seven people from the south-east of England being charged with conspiracy to cheat the public revenue and conspiracy to...

UBS £1.4bn fraud accused Kweku Adoboli granted bail, Bark & Co London news.

By barkcosolicitors | Published June 15, 2012A City trader accused of gambling away a record £1.4 billion in a banking fraud has been granted bail. Kweku Adoboli, 32, from Clark Street, Whitechapel, east London, is accused of losing the money while working for Swiss banking giant UBS. He denied two counts of

fraud and two counts of false accounting at an earlier hearing but was remanded in custody. Today after a bail hearing held behind closed doors at Southwark Crown Court,Bark & Co Solicitors reports, Adoboli was granted bail on the condition that he...

By barkcosolicitors | Published June 13, 2012A City trader accused of a £1.4bn ($2.2bn) fraud at the London offices of Swiss banking giant UBS is to be freed from Wandsworth Prison on bail.Kweku Adoboli, 32, will be released on Monday with an electronic tag ahead of his trial in September, a bail hearing at Southwark Crown Court heard. He was “delighted” by the decision, his lawyer Giles Bark-Jones said. The trader, who was arrested in September last year, denies two charges of false accounting and two of fraud. Mr Bark-Jones told the BBC and...

UBS ‘rogue’ trader Kweku Adoboli to be bailed

Mr Kweku Adoboli Granted Bail, Bark & Co Solicitors London news.

By barkcosolicitors | Published June 10, 2012Mr Kweku Adoboli was today granted bail after a successful bail application at Southwark Crown Court. Mr

Tim Harris, Solicitor on this matter said his client was “delighted, very emotional and would like to thank all his family and friends for their support”. Mr Adoboli is due to be released from Wandsworth prison on Monday pending the bail terms being satisfied. Mr Bark-Jones, partner at Bark & Co Solicitors said “Our client is both emotional and delighted at the outcome of today’s bail...

Abbey Forwarding v Richard Hone and Others, Bark &

Co Solicitors reports.

By barkcosolicitors | Published June 4, 2012

In a two week trial in the High Court, Bark & Co

successfully defended the former directors of Abbey

Forwarding Limited in the High Court in an action

brought by the liquidator of the company against them

for breach of fiduciary duty. Abbey Forwarding Limited

was a reputable and established bonded warehouse

which operated from premises in east London from

1971 until the beginning of 2009. In February of 2009

Her Majesty’s Revenue & Customs (“HMRC”) raised

assessments against the company for...

Bark & Co Solicitors London News: HMRC Crackdown

on Offshore AccountsBy barkcosolicitors | Published June 2, 2012

It has recently come to our attention that two

Britons have been arrested on suspicion of using

Swiss Bank accounts held with HSBC to evade UK

taxes. This could lead to the first criminal

prosecutions in a three year clampdown on offshore

tax evasion by HMRC. According to our source,

HMRC made the arrests late last year and both

individuals have been released on bail pending

charges. These arrests are thought to have resulted

from the review of the information stolen from

HSBC’s private bank in Zurich by Herve...

Bark & Co Solicitors London News: $2.2 Bn Liberian deal

being investigated by City of London Police

By barkcosolicitors | Published May 30, 2012

Fred Bunn are instructed to represent Mr A. He is under

investigation by City of London Police Overseas Anti

Corruption Unit concerning alleged improprieties in a $2.2

billion deal with the Liberian Government for the

concession over 400,000 hectares of rainforest to be used

for a carbon offset project. The matter is being

investigated under the Prevention of Corruption Act 1906.

All allegations are denied. An investigation was also

launched by the Liberian President. Press: The

Guardian...

R v Thakrar – client acquitted, Bark & Co Solicitors London News

By barkcosolicitors | Published May 30, 2012Fred Bunn has successfully secured the acquittal of Kevan Thakrar. Our client is a serving prisoner having previously been convicted of triple murder in 2009. Kevan Thakrar was charged with 2 counts of attempted murder and 3 counts of causing grievous bodily harm with intent. All allegations related to attacks on prison officers in HMP Frankland, Durham. Giving evidence, Kevan Thakrar informed the jury that he suffers from Post Traumatic Stress Disorder following an attack on him by officers within the prison...