“The Serious Fraud Office is to ask parliament to enhance its powers to fight fraudulent companies and corrupt directors, the Gazette has learned. The investigation and prosecution agency has begun consulting privately with senior lawyers and officials before it approaches parliament later in the year. Sources close to the discussions said the SFO wants powers to fine fraudulent companies and impose deferred prosecutions, as well as legislation requiring companies to report frauds as soon as they are discovered.”
Law Society’s Gazette, 7th May 2009
Source: www.lawgazette.co.uk
