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Anti-corruption structure of Britain took over the ENRC PLC

26 April 2013
Anti-corruption structure of Britain took over the ENRC PLC

Structure of the British Serious Fraud Office, whose

areas of expertise include cases involving especially large-scale fraud in Finance

launched an investigation into the Affairs of the company, ENRC (Eurasian Natural Resources

Corporation) organizations from Kazakhstan, registered in the UK.

This is one of the largest operators of the world market of raw materials (ferrochromium and

other ferroalloys, copper, cobalt, iron ore products, alumina and

aluminium), as well as an influential figure in the fuel and energy complex (coal

and electricity).

Representatives of the Serious Fraud Office suspect that the founders

ENRC (without the involvement of the government of the Republic of Kazakhstan), trying to become

holders of the securities of the company, use of illegal approaches to

achieving their goals. As a result, around the organization was formed

an unhealthy aura of the cases of bribery, the use of corruption schemes, fraudulent

payments and other violations.

The Serious Fraud Office is an organization dedicated to

major cases in the area of economic crime, which operates

1987. Mostly under its jurisdiction are companies from England, Northern

Ireland and Wales also SFO is cooperating with the international anti-corruption

structures in the exchange of information on financial violations. In

the organisation employs about 300 people — auditors, accounting professionals

accounting, as well as investigators, attorneys, judicial clerks, with focus on

high profile cases of international scale, involving sums exceeding 1

million pounds.

ENRC is a public company (PLC), founded in

1994 and restructured in 2006-Ohm year. The organization has five

production departments and two agencies providing service

the service companies of the Group. The first group includes:

— Ferroalloy production

(ferrochromium, ferrosilicon, ferrosilicomanganese, and concentrates chromium ores

(Cr) and manganese (Mn));

Iron ore assets;

— Energy division;

— Aluminum unit (produces

and sells raw materials for aluminum smelting, and recycles part of the resource in net

metal);

— Enterprises producing other

non-ferrous metals (mainly copper and cobalt).

The other two units, service structures, ENRC,

responsible for sales and logistics company.

23 April 2013
30 April 2013