After a successful initial public offering on the London Stock Exchange, CEO of The Hut Group (THG) is set to receive a huge bonus payment.
In an unprecedented move, the Serious Fraud Office (SFO) has publicised a previously confidential chapter from its “internal” Operations Manual regarding its Deferred Prosecution Agreements (DPAs). The given reason for the release was “transparency” but many feel it was an attempt to halt plummeting prosecution rates, proving the SFO is fighting a losing battle against corporate fraud.
The comparison website CompareTheMarket has been fined £17.9m for breaching competition law. It has done so by imposing wide “most favoured nation” clauses on insurers, preventing them from advertising cheaper rates elsewhere, and protecting its own site from being undercut by competitors.