Currency fraudster Peter Chapman ordered to pay £441,944.38

6 Sep 2019 12:05 PM

Peter Chapman, a former manager of polymer banknote manufacturer Securency PTY Ltd, was yesterday ordered to pay a confiscation order of £441,944.38.

This total represents the full amount of his criminal benefit for paying bribes to a senior officer of the Nigerian mint. Mr Chapman faces returning to prison for a default sentence of 4 years if the amount is not paid within 3 months.

Mr Chapman was convicted on 11 May 2016 after trial at Southwark Crown Court of 4 counts of paying bribes to an official in Nigeria to secure contracts and sentenced to 30 months’ imprisonment.

The investigation included extensive and complex enquires in a number of jurisdictions and the successful extradition of Chapman from Brazil in 2015 which he contested.  In addition, the Australia Federal Police (AFP) and Economic Financial Crime Command (EFCC) in Nigeria provided valuable assistance to the SFO.

Notes to Editors:

1. Peter Chapman was charged with 6 counts of making corrupt payments to a foreign official contrary to the Prevention of Corruption Act 1906 on 5 May 2015.
2. Peter Chapman was convicted of 4 counts of making corrupt payments to a foreign official contrary to the Prevention of Corruption Act 1906. He was acquitted on 2 counts.
3. On 12 May 2016, he was sentenced to 30 months’ imprisonment on each count, to be served concurrently. His conviction was upheld by the Court of Appeal on 31 March 2017.
4. More information on the case can be found here.
5. By recovering the Proceeds of Crime and securing fines from companies, the SFO has delivered a net financial impact of +£450m from 2015 to 2019 (SFO Annual Report 2018/19).