Confiscation proceedings conclude at Southwark Crown Court in SFO Afren Plc fraud case


Following lengthy negotiations with the SFO on behalf of our client, Osman Shahenshah, a confiscation order was agreed between the parties bringing or client’s confiscation proceedings to a conclusion.

The firm was instructed by our client at the confiscation stage of the proceedings following Mr Shahenshah’s conviction for fraud in October 2018. The confiscation case involved a detailed analysis as to what constitutes a defendant’s “benefit” from his particular criminal conduct with further detailed representations submitted on what would represent a “just” confiscation order  in accordance with s6 (6) of the Proceeds of Crime Act 2002. This exercise required careful analysis of the interplay between civil and criminal proceedings and how the result of civil proceedings impacted on the eventual order that should be imposed upon our client.

The outcome of this process was an agreement by the SFO to a 93% reduction on the sum they originally sought from our client which resulted in an agreed confiscation order then being imposed by the Court.

The firm was privately instructed by our client with the team led by Senior partner, Mark Bowen with Andrew Campbell Teich QC and Tom Wainwright of counsel instructed.

For more information on this case please contact team leader and senior partner Mark Bowen.

See press report here and here.