To ask the Attorney General, what steps the Serious Fraud Office (SFO) is taking to investigate the findings of the US authorities in the case of US V Prevezon et al that funds from the tax fraud against Hermitage Capital, investigated by Sergei Magnitsky, have been transferred to the UK bank account of Renaissance Capital Investment Management Limited; and whether the SFO has been notified or informed that laundered money ending up in that account is estimated to be in excess of $8.3 million.
20 April 2017
As and when matters are brought to the attention of the Serious Fraud Office (SFO) they are assessed in the context of the SFO's remit to investigate fraud, bribery and corruption. If appropriate, relevant matters will be considered for criminal investigation in line with SFO internal procedures. However, in line with its published policy, the SFO does not comment on its assessments or their status at any one time but does publish on its website details of those cases formally adopted for criminal investigation, whenever this is possible without prejudice to the investigation.