Global Investigations Review - The law and practice of international investigations

false accounting

SFO confirms £19.2 million DPA in principle with outsourcing company

SFO confirms £19.2 million DPA in principle with outsourcing company

03 July 2019

Serco Geografix Limited has reached a preliminary £19.2 million settlement with the SFO to resolve allegations that it participated in a scheme to mislead the Ministry of Justice.

Tesco document disclosure ruling will make parties “think twice” about cooperating with SFO

Tesco document disclosure ruling will make parties “think twice” about cooperating with SFO

13 February 2019

A UK judge’s decision to force retailer Tesco to hand over documents in a civil case that it obtained from the SFO in a separate criminal matter may make third parties hesitate before voluntarily disclosing material to the authority, lawyers say.

Tesco fraud case “could support” argument for broadening failure-to-prevent offence

Tesco fraud case “could support” argument for broadening failure-to-prevent offence

04 February 2019

Speaking in the aftermath of the collapsed Tesco trial, lawyers say the case could provide support for changing corporate criminal liability laws and consider the way DPAs are implemented in the UK.

Ex-Tesco exec acquitted of fraud and false accounting

Ex-Tesco exec acquitted of fraud and false accounting

23 January 2019

Following the conclusion of the Tesco accounting fraud trial, the defendants' lawyers speak out about the “fundamental unfairness” of the DPA process.

False accounting allegations blindsided Tesco CEO

False accounting allegations blindsided Tesco CEO

11 October 2018

Dave Lewis, Tesco’s CEO, told a London court that senior executives should have alerted him to alleged false accounting before a whistleblower revealed the scheme.

Tesco executive saw “nothing wrong” with accounting practices

Tesco executive saw “nothing wrong” with accounting practices

09 October 2018

A former Tesco senior manager told the UK Serious Fraud Office that pulling income forward, a practice at the heart of fraud and false accounting charges against him, was legal, a court has heard.

Tesco executives committed false accounting “on an industrial scale”

Tesco executives committed false accounting “on an industrial scale”

08 October 2018

Driven to meet unrealistic targets, two Tesco “generals” orchestrated a scheme to incorrectly record income that resulted in a £2 billion-pound drop of the UK supermarket’s share price, a court has heard.

Australian senate committee approves “long overdue” false accounting provision

Australian senate committee approves “long overdue” false accounting provision

16 February 2016

Australia is looking to introduce FCPA-style books and records provisions that will impose tough penalties on companies and individuals who cook the books to conceal illicit payments.

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