Serious Fraud Office appeals for whistleblowers - UK

[Robbien]

Source: Banking Times - UK

The head of the Serious Fraud Office (SFO), Richard Alderman, has confirmed that investigations into what could be major financial frauds connected to the credit crisis are already underway in the UK.

Interviewed on Channel 4 news last night, Mr Alderman appealed for information from employees and shareholders of financial institutions who suspect that fraud has taken place.

Historically, the UK has a reputation of being lax in pursuing cases of alleged financial fraud compared to the US, where dozens or prosecutions are expected to result from the credit crisis.

. . .

The SFO has therefore added a section to its website that aims to encourage whistleblowers in the financial services industry to reveal what they know.

Mr Alderman’s office has also written to senior staff at leading legal and accountancy firms urging them report any suspicions they may have.

Read more: http://www.bankingtimes.co.uk/16122008-serious-fraud-office-appeals-for-whistleblowers/

---