Sportswear firms cleared by a fraud probe
Updated: 2010-10-20 Source: Serious Fraud Office
 The Serious Fraud Office investigation into Sports Direct International plc and JJB Sports plc has been completed and it is decided that no charges are to be brought against the companies. The investigation into individuals continues.
The SFO investigation into suspected offences under the Fraud Act and the Enterprise Act commenced in September 2009. It arose from a referral by the Office of Fair Trading (OFT). The OFT investigation into alleged anti-competitive conduct in the sports goods retail sector is ongoing.
The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud. The SFO is headed by the Director (Richard Alderman) who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act (1987). |
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