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The Serious Fraud Office have secured the first guilty plea in the investigation into the LIBOR rigging scandal, but now Theresa May wants to abolish them completely. She tried previously, but was blocked by Dominic Grieves and Ken Clarke, who have both gone. She now wants the agency to be run by Britain’s self-styled FBI, the National Crime Agency. Shortly before the NCA was renamed, two of its officers were suspended for unlawfully obtaining sensitive information before charges had to be dismissed. The SFO told us that they didn’t have any evidence that breaking up their teams would be more effective.
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