Rahman Ravelli
Rahman Ravelli Logo
Call Our Rapid Response Team: 0800 559 3500
Our Services Sectors International About Us Legal Articles News Contact
Rapid Response Team: 0800 559 3500
Rapid Response Team: 0800 559 3500
 

/ News / The Serious Fraud Office (SFO) has requested an extra £21.1m in funding from parliament, with £15.5m sought urgently

The Serious Fraud Office (SFO) has requested an extra £21.1m in funding from parliament, with £15.5m sought urgently

Its demand was revealed in a statement to parliament from Solicitor General Robert Buckland and comes six months after the SFO requested a further £10m from MP's.

The SFO operates on an annual budget of around £33m, but is able to request extra funds from parliament. Buckland said the cost would cover "significant investigations and the settlement of material liabilities".

However, Labour has questioned the increase, questioning whether the funding method allows Chancellor George Osborne undue influence in prosecutions pursued by the fraud watchdog. And it is worth examining whether the SFO track record merits greater investment.

The Serious Fraud Office (SFO) has requested an extra £21.1m in funding from parliament, with £15.5m sought urgently

Rahman Ravelli

Serious Fraud, Regulatory and Complex Crime Lawyers

enquiries@rahmanravelli.co.uk
0800 559 3500 -

Request a Callback

London Office: +44 (0)203 947 1539
Midlands Office: +44 (0)121 231 7025
Northern Office: +44 (0)1422 346 666
24hr Rapid Response: 0800 559 3500

Need Help or Advice?

Share this article on