Oral Answers to Questions

Debate between Richard Fuller and Dominic Grieve

Tuesday 20th December 2011 Commons Chamber

[The Attorney-General]

As the hon. Lady will be aware, under the Bribery Act 2010, for example, the reckless running of a financial institution can already constitute a criminal offence. Whether that should be extended further in respect of corporations is a matter that the Government would have to consider carefully, as would the House.

[Richard Fuller (Bedford) (Con)]

The Attorney-General might be aware that one of the areas of economic crime where legislation might be lacking relates to the financial crisis. Will he advise the House on whether his conversations have included or will include the potential for investigation of the tax affairs of chief executives and directors of failed financial institutions?

[The Attorney-General]

That would normally be a matter for Her Majesty’s Revenue and Customs, not the Serious Fraud Office. However, the position of any prosecutorial authority is clear: if there is evidence of criminal conduct, it is in the public interest that it should be stopped and that those engaged in it should be punished if found guilty.