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<p>The Serious Fraud Office is an independent Government department which investigates
and prosecutes serious or complex fraud, bribery and corruption. In considering whether
to take on an investigation, the Director David Green CB QC applies a Statement of
Principle, which includes consideration of:</p><p> </p><ul><li>whether the apparent
criminality undermines UK PLC’s commercial or financial interests in general and the
City of London in particular;</li><li>whether the actual or potential financial loss
involved is high;</li><li>whether actual or potential economic harm is significant;</li><li>whether
there is a significant public interest element, and;</li><li>whether there is a new
type of fraud.</li></ul><p> </p><p>The SFO has given full and lengthy consideration
to allegations against Lloyds Bank Consumer Debt Recovery and Alder King but they
did not meet the threshold for the Director to open an SFO investigation.</p>
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