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People & Business :: Companies

UK jails former Innospec executives for Indonesia corruption

2:59 AM MDT | August 5, 2014 | Natasha Alperowicz

Three former senior executives of Innospec have been jailed and another received a suspended prison sentence in the United Kingdom for bribing Indonesian officials to extend the life of tetra-ethyl lead (TEL) on the market in that country. The Southwark Crown Court on Monday sentenced Dennis Kerrison, a former CEO of Associated Octel, subsequently renamed Innospec, Miltiades Papachristos, Innospec’s former regional sales director for Asia/Pacific and Paul Jennings, another former Innospec CEO, to four years, 18 months and two years imprisonment...

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