BusinessCompany NewsSweet & Maxwell investigated by SFO

Sweet & Maxwell investigated by SFO

Sweet & Maxwell - the legal publishers - is being investigated by the Serious Fraud Office (SFO) for a suspected fraud of '£1 million or more'.

Link: Technology makes fraud harder to track

Raids took place on the 20th January by the SFO and the City of London Police, who have confirmed that searches have been carried out at domestic and business addresses in London and the southeast.

No arrests have been made, and nobody has been charged in connection with the investigation.

An SFO spokesman said: ‘One of the criteria for the Serious Fraud Office to investigate suspected frauds is £1 million or more. We are currently investigating Sweet & Maxwell, but it is impossible to say at this stage how long this will take’.

A spokesman for Sweet & Maxwell released a statement today, which said: ‘The Serious Fraud Office and The City of London Police are investigating an allegation in relation to Sweet & Maxwell. Sweet & Maxwell is co-operating fully to help facilitate this investigation.

‘Details of the allegation have not been made known to Sweet & Maxwell but the company believes it concerns certain subscription-related customer refunds. This is an issue the company had been addressing, and at this stage it would be inappropriate to comment further.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

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

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor