Regulatory: Embattled SFO requests £19m emergency funding for ‘blockbuster’ litigation

The Serious Fraud Office’s (SFO’s) somewhat fraught efforts to redefine itself by focusing on higher profile, higher risk complex fraud, bribery and corruption cases yesterday (30 January) led the organisation to ask the Government for emergency funding of £19m.

The request for ‘blockbuster funding’ is to help bankroll large international investigations including Libor, Barclays Qatar and Rolls Royce and in the defence of a multi-million pound damages claim brought by the Tchenguiz brothers.

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