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SFO boss Osofsky says new powers could help fraud squad go after ‘dirty’ bank insiders

'We’re concerned that the recipient of the Section 2 Notice may tip off the subjects of the information we seek, thereby jeopardising the covert status of the investigation,' Osofsky said

SFO boss Osofsky says new powers could help fraud squad go after ‘dirty’ bank insiders
Photo: Chris J. Ratcliffe/Getty Images

The head of the Serious Fraud Office Lisa Osofsky has called for a new offence to stop those receiving demands for evidence from the fraud squad “tipping-off” the suspect of the investigation.

The SFO has the power to compel companies or individuals to produce evidence about suspected fraud through the use of Section 2 notices.

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