Articles about Serious Fraud Office

SFO: 'Insufficient evidence' for conviction over HP-Autonomy deal

Updated The Serious Fraud Office has retracted its probe into the sale of Autonomy to HP in 2011 on grounds that the information presented to it provides "insufficient evidence for a realistic prospect of conviction". The investigation began in early 2013, following a referral from HP. In 2012, the company alleged Autonomy had " …
Kat Hall, 19 Jan 2015
Prison window

UK fraud squad bends over Serco, G4S for 'phantom crims' probe

The UK's Serious Fraud Office (SFO) has launched a criminal investigation into contractors Serco and G4S after an audit allegedly suggested the companies were massively overcharging for the electronic tagging of offenders. Sources in government told The Guardian that the two firms billed Blighty for monitoring at least 18,000 …
Iain Thomson, 5 Nov 2013

Blighty's SFO 'not conflicted' on Autonomy numbers probe

Blighty's Serious Fraud Office has said that there's no conflict of interest in its criminal investigation into Autonomy, despite reports that the SFO itself uses the firm's document management tool Introspect. The SFO was called in to look into allegations from new owners HP of accounting irregularities and misrepresentations …
The Register breaking news

UK fraud office hauls Olympus into court over accounting scandal

Japanese camera firm Olympus will be prosecuted by the UK's Serious Fraud Office along with its British subsidiary Gyrus Group following a £1bn accounting scandal at the company. The SFO has been investigating both companies after three of Olympus' former execs admitted to falsifying financial statements, overstating net …
credit: Alexandre Duret-Lutz licensed under Creative Commons Attribution-share alike http://creativecommons.org/licenses/by-sa/2.0/

Serious Farce Office: 32K secret BAE probe files spaffed to WRONG bod

The UK's top anti-fraud agency has admitted it sent tens of thousands of sensitive documents from an investigation into arms giant BAE Systems to the wrong person. The probe into multinational defence corporation BAE Systems ended after the aerospace firm paid a whopping $400m fine to the US relating to a violation of US rules …
Jasper Hamill, 9 Aug 2013
The Register breaking news

US, UK probe HP claims of accounting mischief at Autonomy

The US Department of Justice is investigating Hewlett Packard's allegations that British software company Autonomy cooked its books before it was bought up by HP. Hewlett Packard claimed accounting irregularities and financial misrepresentation at Autonomy led to HP's $8.8bn loss in the fourth quarter of 2012. HP paid $11bn …
Anna Leach, 31 Dec 2012
The Register breaking news

UK Serious Fraud Office mulls News Corp probe

The Serious Fraud Office (SFO) is considering investigating various allegations against Rupert Murdoch's News Corp. A spokeswoman said the SFO was mulling over a letter sent to the agency by MP Tom Watson, a member of the Commons media select committee which grilled Murdoch, his son James, and ex-News International boss …
Kelly Fiveash, 20 Jul 2011
channel

Fraud charges for 3 former Torex execs

The Serious Fraud Office (SFO) is charging three former executives of Torex Retail Plc with fraud offences. The company came to the attention of investigators four years ago after a trading update in 2007 which claimed all was well was quickly followed by a profit warning. The SFO raided several properties as a result, and the …
John Oates, 5 May 2011
The Register breaking news

SFO abandons case management IT

The Serious Fraud Office has written off £1.3m on an abandoned case management system. In response to a Freedom of Information request, the SFO said that the system, which reached "early build" stage, was intended to replace its existing case management software. The SFO currently uses Docman software, developed in …
Kable, 18 Jan 2010
The Register breaking news

Mosley orgy judge blocks web forum libel writ onslaught

The High Court judge who prompted sharp intakes of breath from newspaper editors when he awarded Max Mosley damages last week has now drawn sighs of relief from website owners, by blocking a web forum libel case that could have suffocated the flame wars that often rouse debate. While the privacy-infringing report of Mosley's …
channel

Clarity shareholders call for boss's head

Clarity Commerce Solutions has vowed to fight rebel shareholders calling for changes to senior management. A former chairman of the company and individuals representing 13 per cent of Clarity's share capital are calling for an extraordinary meeting to remove current chief executive Graham York. Earlier this month Clarity …
John Oates, 17 Apr 2007
channel

More dawn raids at Torex Retail

The Serious Fraud Office (SFO) raided two residential properties in Gloucestershire and Warwickshire and a business address in Banbury, where Oxfordshire-based software firm Torex Retail has its headquarters, as part of its investigation into the company. The simultaneous raids, carried out yesterday morning, did not lead to …
John Oates, 22 Mar 2007
cloud

Torex Retail to lay off developers

Oxfordshire-based software company Torex Retail is laying off developers, but insists the move is not connected to the ongoing investigation into the company and its financial woes. Torex came unstuck when a trading update, which said everything was fine, was quickly followed by a profits warning last month. Shares in the …
John Oates, 2 Mar 2007

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