Skip to main content

The SFO has aban­doned its pro­sec­u­tion of three former exec­ut­ives.

 

G4S logo
The Ser­i­ous Fraud Office has aban­doned its pro­sec­u­tion of three former exec­ut­ives at out­sourcer G4S for allegedly defraud­ing the gov­ern­ment over a pris­oner-tag­ging con­tract after delays left the case in tur­moil almost a dec­ade after it began. Yes­ter­day the SFO’s bar­ris­ter, Crispin Aylett KC, said it was «no longer in the pub­lic interest» to pro­ceed with the case, adding the «decision to drop » had not been taken «either quickly or lightly». Mr Justice Jeremy John­son recor­ded not guilty ver­dicts against the men, who he said had been «sub­ject to the jeop­ardy of crim­inal invest­ig­a­tion and pro­sec­u­tion for around 10 years». It had opened the inquiry into G4S’s pris­oner tag­ging con­tract in 2013.

The men were ori­gin­ally set to stand trial in Janu­ary last year but prob­lems with dis­clos­ure of evid­ence to the defence sent the SFO’s case spiralling into dis­ar­ray. On Monday, Aylett said the time and money that would need to be spent on sift­ing and hand­ing rel­ev­ant evid­ence to the defence meant con­tinu­ing was not feas­ible. « We have determ­ined it is no longer in the pub­lic interest to con­tinue this pro­sec­u­tion». The failed pro­sec­u­tion comes after G4S entered into a deferred pro­sec­u­tion agree­ment with the SFO.

Its care and justice unit paid £44mn in 2020 to settle three counts of fraud, for lying to the Min­istry of Justice about the true extent of profits on a pris­oner tag­ging con­tract.

Comments

  1. And this is why things like these keep happening. It takes 10+ years to get somewhere or it just goes away on its own after some time. Of course this will keep happening...

    ReplyDelete
    Replies
    1. Exactly! If you started this, take it to the end, don't just tell us it's been 10 years and there's no money for this. Why have you wasted the time and money then?

      Delete
  2. What a waste of money, energy and time? And for what? To just say you know what, 10 years of "jeopardy of criminal investigation and prosecution" is enough for them. They've suffered enough.

    ReplyDelete
    Replies
    1. Yeah, what kind of justice is that? And this is just one case, there are countless others that end this way. The more it drags on the better chances the guilty parties have of getting away with it. Disappointed in how they handled this.

      Delete

Post a Comment

Cloud Bookkeeping

HS2 cost cuts new routes and add delays.

 Trans­port depart­ment offi­cials have begun work on «Project Sil­ver­light» sug­gest­ing the high­speed rail scheme might face four addi­tional years of delay. The planned High Speed 2 rail line faces fur­ther delays of up to four years and more cuts to the project under plans being drawn up by min­is­ters to rein in its bal­loon­ing costs. The extra delays to the coun­try’s biggest infra­struc­ture project would mean that it would not be com­pleted until as late as 2045 — 12 years after ori­gin­ally planned. «This is a func­tion of infla­tion; we are hav­ing to find huge sav­ings because the cost of everything the depart­ment is already doing will have become so much more expens­ive by then,» said one gov­ern­ment offi­cial. In Octo­ber, the FT repor­ted that the Treas­ury had asked HS2’s man­age­ment team to identify poten­tial cuts or «scope reduc­tions» to the high-speed line. Trans­port depart­ment offi­cials have sub­sequently begun work on Project Sil­ver­light aimed at fi...

Small business will be excluded from fraud law.

  Min­is­ters are plan­ning to exclude small busi­nesses from anti-fraud legis­la­tion by nar­row­ing the scope of a crim­inal offence tar­get­ing com­pan­ies that fail to pre­vent eco­nomic crimes. MPs and anti-cor­rup­tion cam­paign­ers had hoped the gov­ern­ment would seek to amend the eco­nomic crime and cor­por­ate trans­par­ency bill to ensure the new offence covered all com­pan­ies. The plans to limit the scope of the amend­ments will also dis­ap­point those who had hoped the legis­la­tion would remove key hurdles to the pro­sec­u­tion of white-col­lar crime. A new «fail­ure to pre­vent» offence for fraud would bring it in line with exist­ing sim­ilar cor­por­ate offences for bribery and tax eva­sion. At present, pro­sec­utors need only prove that organ­isa­tions lacked «reas­on­able» or «adequate» con­trols to pur­sue the offence in bribery and tax eva­sion cases. «It would be much more sens­ible for the gov­ern­ment to provide strong guid­ance for SMEs on what these pro­ce...

Doubt on CS's collateral.

  Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies that deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former British prime minister David Cameron as a senior adviser. Invoices issued by metals magnate Sanjeev Gupta’s Liberty Commodities and sold to Greensill formed part of the collateral for the loan, according to documents seen by the Financial Times and people familiar with the transaction. Yet several of the parties named on the invoices have told the FT they did no business with Liberty. GFG has consistently denied any wrongdoing. Credit Suisse’s loan had a clause dictating that the collateral value had to be equal to or greater than the $140mn borrowed. The terms of the debt agreement only allowed invoices on Green-sill’s balance sheet to count towards this tally if t...