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Former Securency manager sentenced for corruption

12 May, 2016 | News Releases

Peter Michael Chapman, the former manager of a polymer banknote manufacturer, Securency PTY Ltd, was today sentenced to two and a half years, at Southwark Crown Court, on four counts of making corrupt payments to a Nigerian official, contrary to the Prevention of Corruption Act 1906.

Chapman, 54, was sentenced to 30 months on each count, to be served concurrently. Due to time already served, he is serving the remainder of his sentence on licence.

Chapman, was convicted yesterday after a five week trial, following a joint investigation by the Serious Fraud Office and the Australian Federal Police into Securency International PTY Ltd. He was acquitted on two counts.

HHJ Michael Grieve QC said today:

“Corruption is a very serious global problem, that the Anti-Corruption summit this week highlights.

“Offences so serious only justify an immediate custodial sentence.”

For further information on yesterday’s verdicts see here.