The Serious Fraud Office has dropped a 10-year probe into former FTSE 100 miner ENRC, saying it does not have enough evidence to prosecute
Prosecutors had been looking into the suspected payment of bribes by the company and people linked to it in the Democratic Republic of the Congo between 2009 and 2012.“Following our latest review of the investigation, we concluded that we have insufficient admissible evidence to prosecute, and closed the case,” it said.SFO investigators also dropped three other probes, including one into suspected corruption by Rio Tinto in the Republic of Guinea.
The company had been dogged by boardroom spats and allegations of wrongdoing for several years. It was taken private and delisted from London’s stock exchange in 2013.