British fraud prosecutors expect a speedy investigation into the possible rigging of efforts to support the financial system during the credit crunch after they moved to start a formal inquiry, a source familiar with the investigation said. The Serious Fraud Office has said it is looking into liquidity auctions held by the Bank of England […]

This case is the first time a British company has been found guilty of bribing foreign agents, and follows an investigation by the Serious Fraud Office (SFO). A Sussex printing firm’s director has been jailed for three years after being convicted of bribing public officials in Africa to win business contracts. Smith and Ouzman Ltd […]

The country’s top fraud fighter is on the offensive. David Green, QC, has already stated that the Serious Fraud Office (SFO) is at a “pivotal time” and, more significantly, that it has its “mojo” back. Now the SFO director is targeting lawyers over legal professional privilege. Companies, he says, are obstructing investigations by hiding behind […]

British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office (SFO) has already charged two UK-based Alstom subsidiaries and four former employees with corruption, alleging they disguised bribes as […]

While much of the country was embarking on preparations for the festive season, in December 2014 three company directors were found guilty and sentenced to a combined 28 years in prison for their part in a £23m biofuel fraud. They were also disqualified from acting as directors for a combined total of 40 years and […]

Jailed sportswear boss Chris Ronnie faces an even bleaker New Year behind bars since the Serious Fraud Office has begun confiscation proceedings to forensically examine his career over many years. The executive was convicted of a ‘very greedy fraud’ last month and jailed before Christmas for four years, after a jury unanimously found him guilty […]

Three men have been convicted and sentenced as part of the Serious Fraud Office’s (SFO) investigation into Sustainable Growth Group and its subsidiary companies. Gary Lloyd West, James Brunel Whale and Stuart John Stone were convicted of conspiracy to commit fraud, conspiracy to furnish false information, fraudulent trading and Bribery Act 2010 offences in relation […]

The U.K. Serious Fraud Office secured its first criminal conviction under the Bribery Act, after two men were found guilty Friday of offenses under the 2011 law. The convictions came as part of an SFO probe into the promotion and sale of biofuel investment products to U.K. investors, the agency said in a statement. They […]