Aziz Rahman
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Is the Serious Fraud Office Offering Value for Money?

Whether the Serious Fraud Office (SFO) is value for money is a question that’s being asked following developments that could give ammunition to its detractors, asserts Aziz Rahman. The SFO has just announced that it has dropped investigations into Rolls-Royce and drugs...
Posted On 04 Mar 2019
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Deferred Prosecution Agreement between Serious Fraud Office and Tesco Stores Ltd published

The Serious Fraud Office (SFO) is now able to share in full the terms of a Deferred Prosecution Agreement reached with Tesco Stores Limited after reporting restrictions were lifted. Between February and September 2014, instead of working to safeguard the financial interests of...
Posted On 24 Jan 2019
Aziz Rahman
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Scaling Down The Rolls-Royce Investigation: A Sign of Panic at the SFO?

The Serious Fraud Office (SFO) has finally stopped investigating a number of former Rolls-Royce employees in connection with the bribery and corruption scandal that has been rumbling on for many years now. A shrewd decision based on available evidence? Or the frightened actions...
Posted On 10 Jan 2019
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Former Alstom Power global sales director sentenced to 4.5 years in prison for corruption

Nicholas Reynolds has received a sentence of four years and six months in prison for his part in a conspiracy to bribe officials in Lithuania’s Elektrenai Power Station and senior Lithuanian politicians in order to win two contracts worth €240 million. Reynolds was also ordered...
Posted On 02 Jan 2019
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Nine convicted in relation to £16 million and $21 million FH Bertling bribery cases

Stephen Emler and Giuseppe Morreale pleaded guilty for their part in a corrupt scheme to secure a ConocoPhillips freight forwarding contract, eventually worth over £16 million, for FH Bertling as part of the ‘Jasmine’ North Sea oil exploration project, it can now be reported....
Posted On 27 Nov 2018
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Serious Fraud Office set to “expand and restructure” senior management team

The Serious Fraud Office (SFO) is expanding and restructuring its management team in a bid to strengthen the organisation’s intelligence and case development function and bring a clearer focus to the Chief Investigator and General Counsel roles. The new role of Head of...
Posted On 28 Sep 2018
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Two former senior bankers convicted of fraud in SFO’s EURIBOR manipulation case

Two former senior bankers have been convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis following a thorough investigation and subsequent prosecution brought by the Serious Fraud Office (SFO). Phillipe Moryoussef, formerly of...
Posted On 16 Jul 2018
Lisa Osofsky
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Attorney General’s Office names Lisa Osofsky as next director of Serious Fraud Office

Attorney General Jeremy Wright QC MP has announced that Lisa Osofsky is going to be the new director of the Serious Fraud Office (SFO). Osofsky brings over 30 years’ experience of focusing on financial crime in both the UK and the US to the role. Osofsky began her career as a...
Posted On 08 Jun 2018
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New joint principles published to compensate victims of economic crime overseas

The new agreement between the Crown Prosecution Service (CPS), the National Crime Agency (NCA) and the Serious Fraud Office (SFO) establishes a common framework to identify cases where compensation is appropriate and act swiftly in those cases to return funds to the affected...
Posted On 01 Jun 2018
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AI-powered ‘Robo-Lawyer’ helps step up SFO’s fight against economic crime

The Serious Fraud Office (SFO) has announced a significant upgrade to its document analysis capability as Artificial Intelligence (AI) is made available to all of its new casework from this month. By automating document analysis, AI technology allows the SFO to investigate more...
Posted On 16 Apr 2018
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