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Goldshield Wins SFO Case - Interview With Chairman and CEO

Saturday, July 12, 2008 General News
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LONDON, July 11 Goldshield Group UK, the pharmaceuticaland healthcare company, said today a judge had refused the application of theSerious Fraud Office (SFO) to amend its indictment of Goldshield Group Plcand two of its former directors (and others) for the offence of conspiracy todefraud the Department of Health in relation to allegations ofanti-competitive conduct between 1996 and 1999. Mr. Justice Pitchford alsorefused the SFO's application for permission to appeal.
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In a video interview Goldshield Chairman Keith Hellawell and CEO RakeshPatel say the ruling vindicates the company and they can now "get back tobusiness". They explain what the ruling means for the company going forward.
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Mr Hallewell said the verdict meant a "veil had been lifted" and he had astinging rebuke for the Serious Fraud Office.

"The Serious Fraud Office was set up to deal with serious fraud, but Ithink they've made the mistake of going for high profile cases and highprofile individuals or high profile companies in order to cement theirreputation."

He said the cost of the case had exceeded GBP40m.

"That's a small hospital, it's a number of doctors' surgeries, it's 750police officers, that's the real cost, that's the real tragedy in this case."

The interview and transcript are available now on http://www.cantos.com.

It's free to view. All you need to do is register athttp://www.cantos.com. Cantos.com, the online financial broadcaster, featuresin-depth interviews, documentaries and webcasts with senior companyexecutives.

If you would like to contact us, please email [email protected] orphone +44-207-936-1333.

SOURCE Goldshield Group
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