UK Serious Fraud Office (SFO): Can it Survive Tchenguiz Humiliation?

Source: BBC News, 31st July 2012

In this too-long roster of SFO boo-boos and setbacks, today’s judgement – that warrants obtained by it for searching the homes and business premises of Vincent and Robbie Tchenguiz were unlawful – is perhaps its most embarrassing.

In an existence of almost 25 years, the SFO has never commanded much respect from the police or from its counterparts at the Financial Services Authority (FSA), the City watchdog – whose own performance in taking action against financial wrongdoers is perceived to have improved from a very low base.

What FSA officials say about the SFO is frequently not repeatable in polite company…