The head of the Serious Fraud Office, Lisa Osofsky, has insisted she is proud of the fact that some of the most senior figures at Britain’s financial crime prosecutor have been poached by major law firms, as she insisted that a “revolving door” with the business world benefits the regulator.
Concerns have also emerged about the lack of checks being made on the officials who move from the SFO to the corporate world. Current rules mean that only one such move in the last seven years has been examined by the Advisory Committee on Business Appointments (Acoba), the body that scrutinises sensitive moves from Whitehall to the private sector.
