Oral Answers to Questions

William Bain Excerpts

Tuesday 13th May 2014 Commons Chamber

[Mr William Bain (Glasgow North East) (Lab)]

4. What recent assessment he has made of the effectiveness of the Serious Fraud Office.

[The Attorney-General (Mr Dominic Grieve)]

I meet the director of the Serious Fraud Office regularly to discuss the continuing progress that it is making under his leadership. The Serious Fraud Office underwent an inspection by Her Majesty’s Crown Prosecution Service inspectorate in 2012, at my request, and a follow-up inspection of the SFO is currently taking place. I will discuss the outcome of that inspection with the director following publication of the report.

[Mr Bain]

The year 2010 was the last in which a criminal sanction was imposed on a corporate defendant by the Serious Fraud Office. Does the Attorney-General agree with the Opposition and the director of the Serious Fraud Office, David Green QC, that there should be a review of our highly restrictive laws on corporate liability, with a view to securing more prosecutions?

[The Attorney-General]

I have great sympathy with the points raised by the hon. Gentleman. In my judgment, this is an area that ought to be looked at and on which there may, indeed, be a degree of consensus across the House. Of course, if we were to do that, we would also have to make sure that such a process operates in a fair and reasonable way, but I have to say that I have listened very carefully to what the director of the Serious Fraud Office has said, and it seems to me that his remarks have considerable force.