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Fraud Office probe at Equitable

13 April 2012

THE Serious Fraud Office is 'to consider a number of issues' raised in a report into what went wrong at troubled mutual Equitable Life. The Treasury, which was handed Lord Penrose's report before Christmas, has contacted the SFO asking it to look into certain aspects of the report.

Lord Penrose had already made a copy of the report available to the SFO ahead of its publication which is expected in the next few weeks.

Financial Secretary to the Treasury Ruth Kelly has written to John McFall, chairman of the Treasury Select Committee, informing him of the move.

She said: 'I am writing to inform you that Lord Penrose has also made his report available to the Serious Fraud Office, and having studied the contents of the report the Treasury has asked the Serious Fraud Office to consider a number of issues raised in the report.'

However, the Treasury would not be drawn on what these issues were.

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Department Of Finance
Ruth Kelly
Serious Fraud Office
Treasury Select Committee