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The investigator and prosecutor has said its inquiry into the activities of the ABB units, their officers, employees and agents was related to its probe into the activities of Monaco-based oil and gas consultancy Unaoil.
“After a thorough and detailed review of the available evidence, the SFO has concluded that this case did not meet the relevant test for prosecution…,” the SFO said in a statement.
ABB was not immediately available for comment.
The SFO only proceeds with criminal investigations if the evidence supports a realistic prospect of conviction and if the prosecution is in the public interest.
