The Serious Fraud Office (SFO) suffered a troubling 2018. The collapse of its high-profile investigation into two former Tesco executives in December, after allegations the retailer overstated profits by sums into the millions, followed the judge’s decision that “the prosecution was so weak it should not be left for a jury’s consideration”. The SFO’s investigation is said to have cost an estimated £10m.
White collar crime partner Iskander Fernandez, explores further in Financial Director. To read the full article, click here.