Serious Fraud Office


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Serious Fraud Office

An agency of the British government that investigates and prosecutes complex cases of fraud, especially in business and the financial sector. It is independent from other departments, though it frequently coordinates with them. The SFO was established in 1988.
References in periodicals archive ?
But a spokesman today said: "The Serious Fraud Office investigation into Sports Direct International plc and JJB Sports plc has been completed and it is decided that no charges are to be brought against the companies.
The Serious Fraud Office launched an investigation in 2007 with a series of dawnraids.
BAE Systems has agreed to pay fines totalling Au286 million to settle corruption charges with the Serious Fraud Office and US Department of Justice.
A spokesman for the Serious Fraud Office said: "In the months leading up to the collapse of the businesses, Nigel Thorne falsely represented to the finance companies that, in respect of 49 cars, the Ken Thorne Group had paid for the cars and had obtained clear title which could be passed to the finance companies.
But the SFO said today: "The Serious Fraud Office has announced that it does not intend to begin a criminal investigation into the sale of carmanufacturer MG Rover Group following a review of documents sent by the Department of Business.
The UK's Business Secretary Peter Mandelson has said 'The Serious Fraud Office has been asked to consider whether there should be a criminal investigation following completion of an inquiry into the collapse of the MG Rover Group' and added 'The government's report will not be published now to ensure any potential prosecution is not prejudiced.
Glyn Powell, of the Serious Fraud Office, who is the head of British arm of the inquiry, said it appeared that the firm had "role played a significant in the operation of Bernard Madoff's investment fraud.
s Serious Fraud Office (SFO) because of allegations that the company double-billed some of its clients.
In a case brought by the Serious Fraud Office, Regan was charged with the theft of 2.
The new anti-bribery legislation replaces them--and Cockroft said that the Crown Prosecution Service, the Serious Fraud Office and the Home Office are all taking it very seriously indeed.
A spokeswoman for the Serious Fraud Office said that its officers from London's financial district, known as the City of London, had executed search warrants at two homes in Hampshire on Thursday, as part of their investigation into the scandal, Reuters reported.
The Serious Fraud Office (SFO) could offer Barclays Plc (LSE: BARC) a deferred prosecution agreement (DPA) as part of a probe that seeks to unravel how the bank raised money from Middle Eastern investors during the financial crisis.
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