Sfo

The Serious Fraud Office (SFO) should be replaced with a new body to tackle economic crime, focusing more on prevention, according the Institute of Economic Affairs. The think tank's paper says the SFO has been plagued by a series of high-profile failures, including ethical misconduct and incom

A former senior executive at oilfield giant Petrofac has pleaded guilty to bribery in relation to corrupt offers to influence the award of contracts to the company worth in excess of $730 million in Iraq and in excess of $3.5 billion in Saudi Arabia. David Lufkin, 51, previously global head of