The Serious Fraud Office (SFO) has been instructed to release potentially sensitive documents about the downfall of Equitable Life following a Freedom of Information (FOI) request.
In a detailed letter , the Information Commissioner (IC) rules the SFO must release a vetting note explaining why it refused to carry out a criminal investigation into the insurer's conduct. The SFO had claimed that releasing the information would prejudice its ability to conduct effective investigations and potential prosecutions. No such prosecutions have taken place for over a decade, however. Following the FOI request, the letter says the Commissioner found "some information was incorrectly withheld" by the SFO. The Fraud Office has 35 days from the date of the ruling, 3 Mar...
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