Rahman Ravelli’s Senior Partner Aziz Rahman was asked by The Times to give a candid assessment of Lisa Osofsky’s first two years as Director of the Serious Fraud Office.
Aziz gave a detailed breakdown of the SFO’s successes, failures and problems to The Times – a two-year track record that he referred to as “some good, some bad and some ugly’’.
He told The Times that the most notable success was the international co-operation that led to the conclusion of the Airbus bribery investigation. Aziz also praised the agency for last year’s “Corporate Co-operation Guidance’’ and gave Osofsky credit for having the courage to drop long-running cases such as Rolls-Royce, GSK and Euribor.
But he was critical of a steep fall in the number of new cases in her first year. He also highlighted failed, high-profile prosecutions such as Tesco, Guralp Systems Barclays and Sarclad.
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