What do the SFO’s latest probes say about the prosecutor’s state of mind?
MLex Market Insight
MLex Market Insight
4.9 • 9 Ratings
🗓️ 15 August 2017
⏱️ 12 minutes
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| 0:00.0 | Hello, I'm Ben O'Neill, the news editor in Emlex's London Bureau. If you've tuned in to |
| 0:06.4 | Mlex's podcasts before, thanks for joining us again. And if this is your first time, a very warm welcome. |
| 0:12.9 | Today I'm joined by Martin Coyle and Ben Lucas, who both report from London for Emlex's |
| 0:17.9 | anti-bribery and corruption service. Martin, hello. Hi, Ben. |
| 0:21.6 | And Ben, hello to you too. |
| 0:22.6 | Hi. |
| 0:23.6 | Now, you two spend much of your time working through and reporting on the complex trails |
| 0:28.6 | of fraud and kickbacks, overseas briberies that some companies leave behind them. |
| 0:33.6 | But today, we're going to talk about what happens when the law enforcers themselves are the |
| 0:38.9 | story. And that's very much the case in the UK right now, where the country's principal corruption |
| 0:43.9 | prosecutor, the serious fraud office or SFO, has spent months wondering if it actually has a future. |
| 0:50.7 | It seems a very long way from January when the SFO was fated after concluding a deferred prosecution agreement |
| 0:57.0 | with Rolls-Royce for almost half a billion pounds over worldwide corrupt practices that spanned three decades. |
| 1:04.0 | But then in May, Prime Minister Theresa May pledged in her election manifesto to merge the SFO with the larger national crime agency. |
| 1:14.1 | So, Martin, Ben, what's the latest with the SFO? |
| 1:17.6 | I mean, we're now in August, and this hasn't happened, and there's no merger, |
| 1:21.5 | and the SFO has just opened up several large new investigations into big companies. |
| 1:26.3 | So can you bring us up to date, Martin? |
| 1:28.3 | Yes, thanks, Ben. As you say, Theresa May, in her previous role as Home Secretary has twice |
| 1:34.1 | before tried to roll the agency under the wing of the SFO, but she's failed. Now, this third |
| 1:39.8 | attempt, as Prime Minister, looks like it could also fail due to the Conservative Party's slim majority |
| 1:45.0 | in Parliament. But so far we've had no formal announcement from the government on this. |
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