Barclays LIBOR Investigation - Roger Sahota comments for Global Investigations Review feature

Global Investigations Review is a magazine which focuses on white-collar crime. A feature in their October edition concerned the the SFO reportedly serving Section 2 notices under the Criminal Justice Act 1987 on several former Barclays directors. Roger Sahota in London said the SFO uses section 2 to over-ride professional confidentiality obligations.

“They’re routinely used in serious fraud investigations, largely when financial services or other professionals have a duty of confidence. It forces [them] the targets to disclose evidence, which they couldn’t otherwise do without client permission. Section 2 acts as the legal trigger which lets them release information.”