Head of Business Crime quoted in Times analysis of private prosecution trend
In a Times article on the recent increase in private prosecutions, Head of Business Crime, Michael O’Kane was quoted as saying: “Private prosecutions are definitely a growing market because of the gap in resources of enforcement agencies. The Serious Fraud Office is unlikely to touch cases of less than £1 million and the CPS is massively under-resourced and likely to spend its money on tackling a large number of criminal offences as opposed to one potential case with a greater risk of whether there will be conviction.”
Michael led the Peters & Peters team that successfully prosecuted Ketan Somaia, who was convicted of fraud and jailed for 8 years in 2014. The Somaia case is the largest private prosecution ever brought.
In addition to our unique experience in bringing private prosecutions, we have successfully defended a number of such cases, most notably two separate private prosecutions brought against different financial institutions.
Michael can be emailed here firstname.lastname@example.org