Government and Institutions

SFO’s woeful record undermines the rule of law

Fraud Focus quoted in The Times of Scotland

Fraud Focus: Is the Serious Fraud Office fit for purpose?, a new paper by IEA Academic and Research Director James Forder has been referenced in The Times of Scotland.

The piece said:

“Since the Serious Fraud Office brought in deferred prosecution agreements in 2013, it’s raked in hundreds of millions of pounds… But the Institute of Economic Affairs makes a neat point: ‘There have not been any successful prosecutions of individuals relating to the nine cases in which corporate entities have been given DPAs’ (report, page 45).

“Obvious question: given the SFO’s pitiful prosecution success rate, why do companies pay up?”

The full article can be read on page 39 of The Scottish Times (28/03/2023).