David Green re-appointed as head of Serious Fraud Office

Written by Suzannah Brecknell on 9 February 2016 in News
News

Contract renewed for two years as investigations into Libor scandals continue

Attorney general Jeremy Wright has extended the head of the Serious Fraud Office’s contract for two years.

David Green was appointed director of the SFO in April 2012 for a fixed term due to end in April 2016. His contract will now end in April 2018.


Europe, devolution and civil liberties: Rowena Collins Rice on what 2016 will bring for the Attorney General 
​SFO in cash plea to parliament
Strengthening communities: how technology is raising service quality


In January the SFO requested a cash advance of £15m from the Treasury to cover the cost of ongoing investigations including those into the Libor-fixing scandal.

SFO has requested extra funding in four of the last five years. Combined with a request for £10m extra cash last summer, the latest request takes the agency’s expected spend this year to almost £65m – twice its original budget. 

The Libor investigation has so far resulted in the conviction of just one man. Six others were acquitted by a jury last month and six more men are due to go on trial in April.

The latter six men – all former employees of Barclays bank – had been due to go on trial next month but this was delayed after Barclays presented new evidence to the SFO.

Other major ongoing investigations include the manipulation of the foreign exchange market, possible accounting fraud at Tesco and allegations of bribery at Rolls Royce.

Announcing the extension, Wright said: “In his time as director of the SFO David Green led a change in the organisation’s approach to prosecuting cases and delivered the first UK Deferred Prosecution Agreement and the first convictions under the Bribery Act 2010. I look forward to working with him in the next phase of his leadership of the Serious Fraud Office.”

Green said: “I am happy to continue as director, and the SFO will continue to take on the sort of cases for which it was designed.”

About the author

Suzannah Brecknell is Civil Service World's senior reporter. She tweets as @SuzannahCSW

Share this page
Editor's Pick
Promote as primary content
Not Promoted

Share this page

Further reading in our policy hubs

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Contact the author

The contact details for the Civil Service World editorial team are available on our About Us page.

Related Articles

Related Sponsored Articles

A radical re-think for public sector transformation
2 November 2015

With the ‘low-hanging fruit’ exhausted, the public sector must approach new government saving...

Successful partnerships: working effectively with central government
26 August 2014

TCS is keen to contribute to the topic of successful partnerships between the public and private...