Judges Overturn Second U.K. Bribery Verdict in Setback for SFO

The U.K.’s beleaguered fraud prosecutor was dealt a fresh blow when judges overturned a second criminal conviction in the Unaoil bribery case that’s now subject to a review by the government.

A London appeals court quashed former executive Paul Bond’s conviction on Thursday, his lawyer said by email. Bond was found guilty last year of conspiring to bribe public officials to secure lucrative oil contracts in Iraq. The U.K. Attorney General started a probe into the SFO’s handling of the case after judges found serious failings when it overturned another conviction in the Unaoil case.

The SFO’s recent track record ...