Serious Fraud Office
Serco Geografix Ltd Statement of Facts published
The Serious Fraud Office can now publish the Statement of Facts from its Deferred Prosecution Agreement with Serco Geografix Ltd, after reporting restrictions on its publication were lifted.
The Statement of Facts details how Serco Geografix Ltd devised a scheme to defraud the Ministry of Justice by hiding the true extent of the profits being made between 2010 and 2013 by its parent company, Serco Limited, from its contract for the provision of electronic monitoring services. By dishonestly misleading the Ministry of Justice in this way, Serco Geografix Ltd prevented the Ministry of Justice from attempting to limit any of Serco Limited’s future profits, recover any of Serco Limited’s previous profits, seek more favourable terms during renegotiations of contracts, or otherwise threaten Serco Limited’s contract revenues.
In entering into a DPA with the SFO, Serco Geografix Ltd took responsibility for three offences of fraud and two of false accounting. The details of this offending are contained within the Statement of Facts.
Under the terms of the DPA, Serco Geografix Ltd paid a financial penalty of £19.2 million, and the full amount of the SFO’s investigative costs of £3.7m. This has been paid in full, and is in addition to the £12.8m compensation already paid by Serco to the MoJ as part of a £70m civil settlement in 2013.
The DPA was accompanied by an undertaking in which Serco Group, Serco Geografix Ltd’s parent company, agreed to strengthen its Group-wide Ethics and Compliance functions and carry out annual reporting on its Group-wide assurance programme.
The case remains under the three-year term of the DPA.
Notes to Editors:
- The Statement of Facts can be found here.
- The Statement of Facts can be published after reporting restrictions postponing its publication were lifted. The reporting restriction order was made by Mr Justice Davis on 19 December 2019.
- The SFO entered into a DPA with Serco Geografix Ltd on 4 July 2019. More details can be found here.
- The Statement of Facts for this DPA relates only to the potential criminal liability of Serco Geografix Limited and does not address whether liability of any sort attaches to any employee, agent, former employee or former agent of Serco Geografix Limited. Insofar as the Statement of Facts refers to individuals, none of those individuals played any part in the process whereby the DPA was concluded. Therefore, this statement of facts is not to be taken as indicating liability of any kind on the part of any particular individual.
Latest News from
Serious Fraud Office
Serious Fraud Office recovers almost £600k from bank accounts of former Petrofac fixer03/05/2022 13:05:00
The Serious Fraud Office (SFO) has recovered £567,466.53 from personal bank accounts linked to a former fixer for the Petrofac group.
SFO “Operation Steamroller” returns additional £1 million to more than 200 victims29/04/2022 14:38:00
The Serious Fraud Office (SFO) will be returning over £1 million to more than 200 victims, following one of the largest boiler room frauds ever pursued by a UK authority.
SFO Steps Up Investigation into Gupta Businesses28/04/2022 13:05:00
On Wednesday 27 April, teams of SFO investigators across the UK issued notices under Section 2 of the Criminal Justice Act 1987 at addresses linked with Sanjeev Gupta’s GFG Alliance, also known as the Liberty House Group of companies.
SFO investigates Arena Television Limited24/02/2022 13:05:00
The SFO is conducting a criminal investigation into the business practices of individuals associated with Arena Television Limited and its linked entities.
SFO investigation delivers over £200,000 compensation for the people of Nigeria22/02/2022 13:05:00
Over £200,000 in compensation obtained by the Serious Fraud Office (SFO) investigation into Amec Foster Wheeler Energy PLC, will be given to the people of Nigeria after a UK-Nigeria Memorandum of Understanding was signed yesterday.
SFO secures confiscation against former Petrofac executive16/12/2021 13:05:00
Following a hearing yesterday at Southwark Crown Court, the Serious Fraud Office (SFO) secured a confiscation order worth over £140,000 against former senior Petrofac executive, David Lufkin.
SFO arrests flight-risk suspect in car-leasing investigation21/10/2021 13:05:00
Earlier this morning, the Serious Fraud Office (SFO), supported by Surrey Police, arrested a suspect in connection with an ongoing investigation into the activities of the Raedex Consortium.
Serious Fraud Office secures third set of Petrofac bribery convictions05/10/2021 13:33:00
Petrofac Limited has been ordered to pay GBP 77 million after the SFO secured further convictions in its investigation into bribery and corruption at the Jersey-registered energy services company.