BusinessCompany NewsSFO off target with consumer scam victims

SFO off target with consumer scam victims

The Serious Fraud Office should stick to conducting investigations involving big ticket corporate cases rather than helping consumers who might have fallen victim to various scams

Andrew Durant, managing director of fraud investigations at foresenic
accounting firm Navigant, said he found it ‘strange’ the new head of the
SFO, Richard Alderman,
wanted to concentrate on helping consumer fraud victims.

‘The SFO was given
special powers for a reason ­ to tackle serious fraud. It needs to stick to its
charter, otherwise who else is going to do it? It should look at high-value
public interest cases.’

He warned that there was likely to be more large-scale fraud as the UK
started to head for a downturn.

Durant added that the SFO’s possible change of direction could be because of
other organisations’ success in tackling high-profile cases.

These include the Office of Fair Trading looking at construction companies
over bid-rigging and milk price fixing, plus the City of London Police as the
lead investigator for the National Fraud Strategic Authority.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

5m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor