Bark & Co Solicitors London News

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Bark & Co Defends £30m Carbon Credit Fraud

By barkcosolicitors | Published June 22, 2012
Bark & 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 ‘rogue’ trader Kweku Adoboli to be bailed

By barkcosolicitors | Published June 13, 2012
A 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...