Emily Thornberry: To ask the Attorney-General what estimate he has made of the cost to the Serious Fraud Office of the judicial review brought against it by the Tchenguiz brothers.
The Solicitor-General: The Serious Fraud Office (SFO) spent £1,334,000 on non-staff case costs relating to the Kaupthing bank investigation and subsequent judicial review brought against it by Rawlinson and Hunter Trustees and others, and Robert Tchenguiz and R20, over a four-year period to 31 December 2012; It is not possible to break these costs down between the investigation and the judicial review. Payment on account of costs of other parties of £2,411,000 has also been made. The Serious Fraud Office's (SFO's) financial reporting system records external spending related to particular investigations. Because of the flexible way in which the SFO's permanent staff work across cases, it does not currently record these staff costs against each particular case. The investigation into Kaupthing bank was ongoing at the time of the judicial review, so it is not possible to give a figure for permanent staff costs relating to the review only.
Emily Thornberry: To ask the Attorney-General how much the Serious Fraud Office has spent to date on its investigation into missing assets at Keydata Investment Services.
The Solicitor-General: The Serious Fraud Office (SFO) began investigating Keydata Investment Services Ltd (Keydata) following a referral by the Financial Services Authority (FSA) in 2009. The total external spend on this investigation is £18,150. SFO staff working on the investigation were also engaged in other work, so it is not possible to estimate the cost of permanent staff time relating to the investigation.