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SFO under Nick Ephgrave: strong start on investigations, ENRC litigation fallout and the imperative to secure senior‑level corporate crime convictions as liability and disclosure reforms take effect

Published on: 03 January 2024

Published by an LexisNexis Corporate Crime expert
Legal News
Article summary

A seasoned ex-assistant commissioner at the Metropolitan Police in London took over from Lisa Osofsky as head of the SFO in September 2023, an unexpected pick, given he had not been publicly touted at all for the post. His early tenure has been energetic, launching multiple corporate inquiries, among them suspected fraud at aircraft parts supplier AOG Technics Ltd, plus cases concerning the failed law firm Axiom Ince and the funeral plan outfit Safe Hands Plans. The fraud boss rightly merits credit for initiating a string of fresh cases. Yet, as with his forerunner, Ephgrave will ultimately be truly measured by courtroom convictions and outcomes against major companies and their leaders. Starting files does not guarantee success, as the pre-Ephgrave collapse of high-profile corruption probes into Eurasian Natural Resources Corporation (ENRC) and Rio Tinto clearly illustrates...

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