Investigations confronting the Serious Fraud Office (SFO) could be better managed using a model similar to the one used by the Financial Conduct Authority (FCA), according to a specialist law firm.
Anil Rajani, a partner at law firm Fladgate, said the SFO should borrow from the FCAās procedure, which uses experienced independent investigatorsāor skilled personsāto undertake an initial examination in a way that avoids contaminating evidence.
Last year the SFOās head criticised corporates for ordering their own internal investigations before self-reporting suspected financial crimes. SFO director David Green said he was concerned by companies thatĀ āchurn up the groundā with their own probes before SFO investigators can do their work.
Rajani wrote in a letter to the Financial Times: āOne of the answers is to be sure that an external investigator has suitable experience; indeed it is most often lack of expertise and experience that can result in the ācontaminationā of crime scenes that Mr Green talks of.ā



