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Fraud and Economic Crime

Attorney General – in the House of Commons am ar 9 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Christine Jardine Christine Jardine Liberal Democrat Spokesperson (Scotland), Liberal Democrat Spokesperson (Women and Equalities), Liberal Democrat Spokesperson (Cabinet Office)

What steps she is taking to prosecute perpetrators of fraud and economic crime.

Photo of Robert Courts Robert Courts The Solicitor-General

Last year, the Government published a new fraud strategy to combat fraud and economic crime, and the Corporate Transparency Act 2023 received Royal Assent. Last month, the Serious Fraud Office published its strategy for the next five years, which is focused on tech, intelligence gathering and enforcement. In fact, I am pleased to report to the House that on Friday the SFO secured the conviction of former investment manager David Kennedy for his part in a £100 million investment fraud, in which hundreds of people lost their savings.

Photo of Christine Jardine Christine Jardine Liberal Democrat Spokesperson (Scotland), Liberal Democrat Spokesperson (Women and Equalities), Liberal Democrat Spokesperson (Cabinet Office)

Fraud is prevalent. In fact, it accounts for a third of all crimes committed in this country, and increasingly we are seeing online scams. Vulnerable people often get caught up in phishing schemes. Will the Government consider setting up an online crimes agency to clamp down specifically on online crimes, which will become more prevalent with the use of artificial intelligence?

Photo of Robert Courts Robert Courts The Solicitor-General

The hon. Member is absolutely right. This is a particularly pernicious crime. It often targets the vulnerable and, sadly, in an interconnected and digital world, it is likely to increase. We will look very closely at all such matters. A number of joint strategies are shared between agencies in any event, but I am certainly very happy to look at her suggestion.

Photo of Lindsay Hoyle Lindsay Hoyle Speaker of the House of Commons, Chair, Speaker's Committee for the Independent Parliamentary Standards Authority, Chair, Speaker's Committee for the Independent Parliamentary Standards Authority, Chair, House of Commons Commission, Chair, Speaker's Committee on the Electoral Commission, Chair, Speaker's Committee on the Electoral Commission, Chair, Speaker's Conference (2022) Committee, Chair, Speaker's Conference (2022) Committee, Chair, Restoration and Renewal Client Board Committee, Chair, Restoration and Renewal Client Board Committee

I call the shadow Minister.

Photo of Karl Turner Karl Turner Shadow Solicitor General

There were 36 failed personal protective equipment contracts during the pandemic, costing over £1 billion, but only one company, PPE Medpro, has been named. If the Government are serious about tackling fraud, why are they refusing to disclose the details of the other companies? How exactly were those contracts awarded, and can the Solicitor General update the House on how many prosecutions are pending?

Photo of Robert Courts Robert Courts The Solicitor-General

The hon. Member quite rightly raises a matter of particular concern to him, and indeed to the whole House. His Majesty’s Revenue and Customs remains committed to covid-19 scheme compliance, and will continue to prioritise the most serious cases of abuse. Specifically on prevention and recoveries, up to 30 September 2023, HMRC had prevented the payment, or recovered the overpayment, of over £1.6 billion-worth of grants, made up of £430 million that was prevented from being paid out and over £1.2 billion that was recovered from overpayments. By 30 September 2023, HMRC had opened 51 criminal investigations into suspected fraud within the schemes, and made a total of 80 arrests.