The Serious Fraud Office’s announcement that it has opened a bribery investigation into mining company Glencore could be seen as a sign that it is not afraid to take on the big cases under Director Lisa Osofsky.
Rahman Ravelli’s Senior Partner Aziz Rahman made this point for an article that Bloomberg ran on the SFO’s announcement. He explained that the agency’s Glencore investigation came after a year in which the SFO had achieved little notable success of any note despite the Director’s declarations that she would not be reluctant to take on any cases that could be considered top-tier.
He said: “The general feeling since Lisa Osofsky took over as SFO director has been that there has been no news of any major new investigations and yet a number of long-running investigations have been ended without anything to show.
“This could be seen as the perfect response to that accusation.”
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