Former company director pleads guilty to £12 million bribery scheme
30 May, 2019
Carole Ann Hodson
pleaded guilty today at Walsall Magistrates’ Court to bribery in relation to a scheme to secure £12m worth of contracts for ALCA Fasteners Ltd, a company she owned at the time.
The scheme, which operated between 2011 and 2016 whilst Hodson was the Managing Director and majority owner, saw nearly £300,000 of bribes paid to Terje Moe, a purchasing manager employed by the Würth Group of companies, a customer of ALCA Fasteners.
Under the scheme, which continued until his retirement, Moe would receive 2.5% of the total of every order made by his company to ALCA Fasteners.
Fraud Office