Serious Fraud Office
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Güralp Systems founder and former Managing Director charged with corruption over South Korea contracts
Dr Cansun, Guralp founder and Andrew Bell, Managing Director, both formerly employed by Güralp Systems Limited, will appear at Westminster Magistrates’ Court today, 20th August 2018.
The two men have both been charged by requisition, with conspiracy to make corrupt payments contrary to Section 1 of the Criminal Law Act 1977 and Section 1 of the Prevention of Corruption Act 1906.
The SFO alleges that the two men conspired to corruptly make payments to a public official and employee of the Korea Institute of Geoscience and Mineral Resources (KIGAM).
The announced charges come after a criminal investigation by the SFO into conduct at Güralp Systems that began on 3rd December 2015.
The alleged activity occurred between April 2002 and September 2015.
Güralp Systems Limited is an engineering company specialising in the production of seismic testing equipment.
Notes to Editors
- Dr Cansun Guralp and Andrew Bell were both charged under the Prevention of Corruption Act 1906 and Criminal Law Act 1977 on 26th July 2018.
- The SFO’s investigation into Güralp Systems Limited began on 3rd December 2015 – it had not previously been announced.
- For further case updates, please see our Güralp Systems Ltd case page
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Original article link: https://www.sfo.gov.uk/2018/08/17/guralp-systems-founder-and-former-managing-director-charged-with-corruption-over-south-korea-contracts/
