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ENRC was 'had over a barrel' by banks over UK bribery probe, court told

By Martin Coyle ( April 20, 2026, 12:04 GMT | Insight) -- A criminal investigation into Eurasian Natural Resources Corporation by UK prosecutors led to it being had “over a barrel” by lenders, lawyers for the Kazakh miner have said as it opened a $290 million claim against the Serious Fraud Office. ENRC faced a decade long Serious Fraud Office bribery probe which was closed in August 2023 with no action taken. A previous court ruling largely found that ENRC's lawyers, Dechert, had ramped up the case against the miner. A criminal investigation into Eurasian Natural Resources Corporation by UK prosecutors led to it being had “over a barrel” by lenders, lawyers for the Kazakh miner said Monday as it opened a $290 million claim against the Serious Fraud Office....

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