A chartered accountant who has spent the past 21 months working at the Serious Fraud Office in London has joined the Birmingham forensic team of accountants and business advisers PKF.
Stephen Spencer, 27, has just completed a secondment at the Serious Fraud Office and as a newly-appointed executive member of the PKF team will assist with the increasing caseload on both fraud and civil matters.
He said: “I have been working on cases involving the alleged corrupt practices of UK companies in the Oil for Food programme following the Iraqi War in 1992.Huge sums of money that should have been destined for the purchase of medical supplies and infrastructure were diverted into the hands the Saddam Hussein regime.
“Some British companies may have been compliant in that, although the SFO has not yet brought a prosecution.”
He said there was considerable potential in the Midlands for PKF to become involved in large-scale investigations.
“My experience of fraud investigations is not possessed by many firms outside London and my recruitment to the PKF forensic team will add to its strength in this area.”
David Liddell, PKF’s forensic services partner in Birmingham, said: “We are delighted Stephen has joined us. We have grown significantly over the past few years and getting the right people on board is crucial to the continued success and development of the forensic team.
“It is an exciting time for us all and I look forward to the contribution Stephen will make to our capabilities”.
The PKF forensic team handles expert witness and financial investigations across a broad range of commercial disputes, ancillary relief, fraud and criminal work.
Mr Liddell added: “I am proud of the way in which we have established ourselves in the Midlands.
“I think the key is the team offers a high quality forensic accountancy service.
“Stephen joins with deep experience of fraud and regulatory investigations, just at the time we are seeing an increase in instructions as the economy turns down and such expertise will enhance our ability to serve our clients across the region.”