DPA: UK: Approval Of UK's Fifth DPA Concludes SFO Investigation Into Serco Companies

18 Aug 2019 10:44 PM | Anonymous member (Administrator)

On 4 July 2019, Mr Justice William Davis approved a Deferred Prosecution Agreement ("DPA") agreed between the Serious Fraud Office ("SFO") and Serco Geografix Ltd ("SGL"), a wholly-owned subsidiary of outsourcing company Serco Group plc ("Serco Group"). SGL has agreed to pay £22.9 million, comprising a financial penalty of £19.2m and the full amount of the SFO's investigative costs of £3.7m. This is in addition to the £12.8m in compensation Serco paid to the Ministry of Justice as part of a £70m civil settlement in 2013.

http://www.mondaq.com/uk/x/826812/White+Collar+Crime+Fraud/Approval+Of+UKs+Fifth+DPA+Concludes+SFO+Investigation+Into+Serco+Companies


         twitter   linkedin

Midlands Fraud Forum Ltd. Reg.No: 06436330
Copyright © 2024
Disclaimer & Privacy Policy

Powered by Wild Apricot Membership Software