The following extract is from the Westminster Hall debate on the Serious Fraud Office on 3 June 2025.
Lucy Rigby
As I noted, recovering ill-gotten gains and returning money to victims and the taxpayer is a crucial part of the SFO’s role. It is highly skilled at recovering funds under the Proceeds of Crime Act 2002: it recovered £160 million between March 2021 and March 2024.
[Official Report, 3 June 2025; Vol. 768, c. 115WH.]
Written correction submitted by the Economic Secretary to the Treasury, the hon. and learned Member for Northampton North (Lucy Rigby):
Lucy Rigby
As I noted, recovering ill-gotten gains and returning money to victims and the taxpayer is a crucial part of the SFO’s role. It is highly skilled at recovering funds under the Proceeds of Crime Act 2002: it recovered £145,787,440.40 between 1 April 2021 and 31 March 2024.