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By Michael Cross2021-04-26T13:46:00+01:00
The high-profile prosecution of two former directors of outsourcing giant Serco collapsed today when a judge at Southwark Crown Court directed a jury to acquit following admissions of disclosure failings by the Serious Fraud Office. Nicholas Wood and Simon Marshall had been
accused of defrauding the government out of £12m by understating the profitability of Serco s prisoner-tagging contract. The matter was the subject of
In a statement, the SFO said that a prosecution review of its disclosure process uncovered errors made in the non-disclosure of certain materials . Mrs Justice Tipples rejected a request for an adjournment to remedy the position so that it could pursue a retrial, saying this was not in the public interest. The judge also pointed to what she called real concerns in relation to the nature of the prosecution case .
The trial of two former executives at Serco has collapsed after the Serious Fraud Office (SFO) failed to disclose evidence to the defendants, in a major blow to the UKâs anti-corruption agency.
A judge at Southwark crown court on Monday instructed jurors to return a verdict of not guilty for Nicholas Woods and Simon Marshall, two former directors of the Serco subsidiary Serco Geografix Ltd, after the SFO offered no evidence following its identification of its error.
The executives had been charged with using fraud and false accounting to artificially reduce Sercoâs profit margins on a contract for the electronic monitoring of offenders on behalf of the Ministry of Justice.