Yearly Archives: 2020

• SFO closes its investigation into ABB Ltd

  19th May 2020 | Case Updates

  After a thorough and detailed review of the available evidence, the SFO has concluded that this case did not meet the relevant test for prosecution as defined in the Code for Crown Prosecutors.

• Covid-19 update

  7th May 2020 | Statements

  The SFO continues to investigate suspected fraud, bribery and corruption, adapting ways of working where necessary to adhere to Government guidance.

• SFO confirms end of Deferred Prosecution Agreement with Tesco Stores Ltd

  10th Apr 2020 | Case Updates

  The Serious Fraud Office has confirmed to the courts that Tesco Stores Ltd has fulfilled the terms of its Deferred Prosecution Agreement (DPA) with the SFO, bringing an end to the SFO’s case. Under the three year term of the DPA, Tesco Stores Ltd agreed to pay a £129m fine and £3m investigation costs, as well as implementing an ongoing compliance programme.

• EURIBOR bankers ordered to pay over £1.2 million

  5th Mar 2020 | Case Updates

  Two men convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) have been ordered to pay over £1.2million in confiscation orders and costs.

• EURIBOR bankers ordered to pay over £1.2 million

  5th Mar 2020 | Case Updates

  Two men convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) have been ordered to pay over £1.2million in confiscation orders and costs.

• Former Barclays executives acquitted of conspiracy to commit fraud

  28th Feb 2020 | Case Updates

  Roger Jenkins, Richard Boath and Thomas Kalaris were today acquitted of fraud in the UK’s first trial of bank executives for misconduct during the 2008 Financial Crisis.

• SFO enters into €991m Deferred Prosecution Agreement with Airbus as part of a €3.6bn global resolution

  31st Jan 2020 | Case Updates

  The Serious Fraud Office enters into a record-breaking Deferred Prosecution Agreement (DPA) with the global aerospace company Airbus SE.

• Anna Machkevitch found guilty of failing to comply with a Section 2 notice

  30th Jan 2020 | News Releases

  Anna Machkevitch was today found guilty of failing to supply documents required by the SFO, contrary to Section 2 (3) of the Criminal Justice Act 1987. District Judge John Zani ruled that Ms Machkevitch had unlawfully refused to comply fully with the Serious Fraud Office’s Section 2 request for documents.

• SFO agrees Deferred Prosecution Agreement in principle with Airbus as part of a global resolution

  28th Jan 2020 | Case Updates

  Following the announcement by Airbus today, the Serious Fraud Office confirms that a Deferred Prosecution Agreement has been reached in principle between itself and Airbus.
  The Agreement is subject to the approval of the Court.

• SFO secures over £434K for victims of solar panel fraudsters

  21st Jan 2020 | Case Updates

  Kenneth Reid, 61, and Niall Hastie, 55, have been ordered to pay back £434,835.73 to those they defrauded as part of a solar panel scheme.