All Serious Fraud Office articles – Page 4

  • Blog post

    SFO Speeds Up Tesco’s Accounting Probe

    2015-10-07T11:45:00Z

    The Serious Fraud Office has accelerated its probe into the accounting irregularities at Tesco, hoping to resolve the criminal investigation by year-end. The supermarket chain’s former chief executive Philip Clarke is one of many former Tesco executives being scrutinized by the agency in its investigation; Laurie McIlwee, former finance ...

  • Blog post

    Report: U.K. Regulator’s Victory in the Libor Scandal

    2015-08-05T10:30:00Z

    Image: Tom Hayes, once a “star trader” at UBS and Citigroup and the first to stand trial in the Libor scandal, has been charged with eight counts of conspiracy to manipulate Libor and will serve 14 years in prison. This case serves as a major turning point for the U.K. ...

  • Blog post

    SFO in Talks With Barclays to End Long-Running Criminal Probe

    2015-07-22T14:15:00Z

    The Serious Fraud Office has extended a deferred-prosecution agreement to Barclays to end an investigation into the bank’s alleged role in the £2 billion Qatari 2008 fundraising and other practices that helped the bank weather the financial crisis. British regulators recently gained the power to issue DPAs, and the SFO ...

  • Blog post

    Anti-Corruption Groups Challenge the SFO on DPAs

    2015-06-24T11:45:00Z

    Image: Title: GreenA number of well-known anti-corruption activists, such as Transparency International and Corruption Watch, are urging David Green, director of Britain’s Serious Fraud Office, to rethink replacing criminal charges with deferred prosecution agreements. The group warns that if DPAs are offered, that will allow banks and other companies to ...