SFO - Serious Fraud Office
  1. Home
  2. Latest press releases
  3. Press releases 2012
  4. Serious Fraud Office 2011-12 accounts

Serious Fraud Office 2011-12 accounts

01 November 2012

The National Audit Office has today published the report by the Comptroller and Auditor General who has qualified his audit opinion on the 2011-12 accounts of the Serious Fraud Office.

 

This is in respect of payments in relation to redundancy terms agreed with the former Chief Executive Officer Phillippa Williamson by the previous Director Richard Alderman on 16 April 2012.

 

The present Director David Green CB QC took up post on 21 April 2012.  Upon learning of the exit terms he asked Treasury Solicitors Office to conduct a full independent inquiry.  He took legal advice as to the enforceability of the agreement and notified the National Audit Office of his decision not to seek retrospective approval from HM Treasury of what he considered unjustified expenditure.

 

Notes for editors:

  1. The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud and corruption. The SFO is headed by the Director (David Green CB QC) who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act (1987).

 

Serious Fraud Office, Elm House, 10-16 Elm Street, London, WC1X 0BJ

Press Office tel: 0207 239 7000 / 7001 or mobile: 0781 807 6688

Main switchboard tel: 020 7239 7272

press.office@sfo.gsi.gov.uk - or via - www.sfo.gov.uk