Abstract

Recounts how the Frauds Trials Committee, under the chairmanship of Lord Roskill, was established almost 20 years ago to deal with perceived defects in investigation, prosecution and trial of serious and complex fraud, and how different financial services and fraud investigation were then compared with today. Describes how fraudsters have become more resourceful, mobile and international. Outlines the recommendations of the Committee, for instance that a unified fraud office should be set up and that jury trials for fraud be abolished. Reports that neither of these reforms has taken place, although the Serious Fraud Office resulted from the Report. Criticises both the suggestion to abolish jury trials and the lack of resources that governments have made available for tackling the huge amount of fraud that has taken place since Roskill.

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