MPR Solicitors in 300 billion Yen bearer bond fraud

Seema Parikh, Managing Partner of MPR Solicitors LLP and specialist fraud lawyer was retained by a South American national to challenge an investigation by SOCA into a Y300 billion bearer bond fraud. The instruments were seized under the Proceeds of Crime 2002 legislation. The value of the bonds in themselves was staggering and involved multi-jurisdictional enquiries in several countries worldwide including banks in Japan, London and Switzerland. The client was a reputable businessman in his own country. Seema conducted careful and discreet negotiations with SOCA and the Organised Crime Division of the Crown Prosecution Service, following which the client was released on bail and allowed to leave the jurisdiction pending further enquiries into the origins and ownership of the bearer bonds.

During the lengthy bail period, Seema Parikh and the MPR Fraud Team conducted pro-active defence enquiries and gathered information and evidence to support the client’s case. This involved cross-border instructions and negotiations and complex paper trails. We provided our client with a united multi-agency defence team which was successful in convincing the CPS not to prosecute him. We were able to clear our client’s name and restore his reputation which was paramount to him.