Collapse of Tesco re-trial casts cloud over British fraud agency
07 Dec 2018

The UK Serious Fraud Office (SFO) defended itself on Thursday against criticisms of “serious failings” after the collapse of a high-profile re-trial of former Tesco (TSCO.L) executives, insisting the prosecution had been in the public interest.

New SFO director Lisa Osofsky has pledged to take on the “big guys” since she took the helm in August, a year after the elite investigator and prosecutor narrowly avoided a government push to roll it into a broader crime-fighting force.

But the dramatic collapse mid-trial of the case against two former senior executives at Britain’s largest retailer, over a 250 million pound accounting scandal, has cast a spotlight on how the agency handled the case.

– By Kirstin Ridley, Reuters, 6 December 2018.

Link to Reuters.

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