Following a five month trial, four defendants were sentenced to a total of 44 years’ imprisonment in respect of the obtaining of almost £160m from the asset financing divisions of KBC, a Belgian bank, and Barclays. The frauds involved the inflation and fabrication of 45 separate bogus contracts and supporting documentation used to convince bank staff that multi-million pound contracts had been entered into between local councils, universities and other ‘triple A’ end users and a company selling fibre-optic cabling.
https://www.sfo.gov.uk/2017/02/07/four-found-guilty-in-160m-financing-fraud/
