Serious Fraud Office extends director Green's contract by two years

The Serious Fraud Office has extended the term of director David Green’s contract by two years to 20 April 2018.

The Attorney General Jeremy Wright QC MP said, “In his time as director of the SFO David Green led a change in the organisation’s approach to prosecuting cases and delivered the first UK Deferred Prosecution Agreement and the first convictions under the Bribery Act 2010.

“I look forward to working with him in the next phase of his leadership of the Serious Fraud Office.”

David Green said, “I am happy to continue as Director, and the SFO will continue to take on the sort of cases for which it was designed.”

The extension of Green’s contract comes just weeks after a Jury at Southwark Crown Court found five individuals connected with the SFO’s ongoing investigation into the manipulation of Libor not guilty of conspiracy to defraud.

The verdict was a blow to the SFO, whose investigations into Libor rigging resulted in an 11-year jail sentence for former UBS trader Tom Hayes.