Covid-19 related Fraud: Prosecutions

7. What recent discussions she has had with the Serious Fraud Office on the prosecution of covid-19 related fraud.

The Attorney General and I regularly meet with the SFO director; however, the vast majority of covid fraud cases do not fall within the SFO’s remit, and investigations are handled by the most appropriate agency. Recently, as the hon. Gentleman will have heard, I visited the Insolvency Service and heard about its excellent work in relation to bounce bank loans.

Given the statement by the former director of the Serious Fraud Office that red flags were ignored, and that Parliament’s own spending watchdog estimates potential fraud of £16 billion, how much has been recovered to date and what further lessons have been learned and applied to ensure that identification and prevention of fraud is embedded across all Government Departments, and why are the UK Government not recovering that fraud with the same zeal and determination that they have for impoverishing benefit claimants who have had overpayments through no fault of their own?

I entirely refute and disagree with the hon. Gentleman’s final comment, but he will be pleased to know that the new director of the SFO has set off apace. He has launched new investigations. There is a new energy and a new rigour within the SFO, but I repeat that it is not just the SFO that conducts such investigations; the Insolvency Service is also involved, and is also carrying out some excellent work.