Treasury Chief Secretary Danny Alexander said: "The Financial Services Authority has carried out a detailed investigation and the Serious Fraud Office
has the opportunity to take forward the investigation.
Sports Direct said: "Sports Direct International plc is pleased to announce that the Serious Fraud Office
will shortly confirm that its investigation into Sports Direct International plc and JJB Sports plc has been completed and it has decided that no charges are to be brought against the companies or any companies within their corporate groups.
The three - named by company spokesman Stephane Farhi as president Stephen Burgin, finance director Robert Purcell and legal director Altan Clidwyn-Davies - were arrested by the Serious Fraud Office
BAE Systems has agreed to pay fines totalling Au286 million to settle corruption charges with the Serious Fraud Office
and US Department of Justice.
The Serious Fraud Office
(SFO) had reportedly given BAE a deadline of last week to accept its offer of a plea bargain with a fine or face criminal prosecution.
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following completion of an inquiry into the collapse of the MG Rover Group' and added 'The government's report will not be published now to ensure any potential prosecution is not prejudiced.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.
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.