The new director of the Serious Fraud Office (SFO), David Green QC, who commenced his duties on Monday (April 23), has issued a statement affirming that the agency – which deals with instances of serious fraud and corporate fraud – is “here to stay”.
Defending the agency’s long term viability, Mr Green stated: “[The SFO] is and will remain a key crime-fighting agency targeting top-end fraud, bribery and corruption.” He also asserted that there is “much to be done” in order for the agency to maximise its impact on cases of corporate fraud.
Green’s appointment follows the recent departure of Phillippa Williams, former SFO chief executive, who had worked for the organisation since 2008 under retiring director Richard Alderman. She recently issued a statement, declaring: “It has been a privilege to lead the SFO through a period of exceptional change during challenging times.”
David Green will face similar challenges in the face of intense public scrutiny, a diminished budget of £33.9million and a difficult legacy of what Richard Alderman recently dubbed “interagency squabbling”, according to a report from the Financial Times.
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