The Serious Fraud Office (SFO) intends to emulate American practice by allowing companies that admit their transgressions to plea-bargain with prosecutors for more lenient sentences.
The decision follows a report which compared the SFO’s results with those of the US Department of Justice and concluded that the SFO ‘uses significantly more resources per case … and achieves significantly less for its efforts’.
Partner Note
Reported in Accountancy Age, 7 July 2008.