🔎 Did you catch this Sunday’s episode of Special Ops: To Catch a Criminal?
The programme featured SFO investigators explaining how they exposed three executives at Balli Steel Plc, who conspired to deceive trade finance banks by providing misleading information, false shipping documents and forged signatures on fake sales contracts.
Balli Steel bought and sold steel around the world using short-term loans from trade finance banks to fund its deals. The company collapsed in 2013 with around $500 million owed to over 20 creditor banks, triggering an investigation by the SFO.
In 2023 we secured convictions of two executives on six counts of fraud. Nasser Alaghband, CEO of Balli Steel, had pleaded guilty to one count of fraudulent trading, ahead of the 20-week trial.
Watch the full episode online here: https://ow.ly/vLRj50UR9QT Read More