Insurance Age

Independent directors could be prosecuted

The Serious Fraud Office has refused to rule out the imminent prosecution of directors over the coll...

The Serious Fraud Office has refused to rule out the imminent prosecution of directors over the collapse of Independent Insurance. The SFO's three-year investigation into the insurer's collapse is understood to be substantially complete, with a decision on whether to file charges expected before the end of the year. However, an SFO spokesman said no decision had been taken on whether to file charges against individuals. The SFO began its investigation in 2001 following a referral by the

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