The SeriousFraudOffice(SFO) acquired the nickname of the Serious Flawed Office in its early years of operation as a unit fighting big financial crime in the 1990s.
The SeriousFraudOffice(SFO) was given the main responsibility for investigating bribery from July 2004 onwards, but had no extra money or people to do so.
The UK's commitment has been under scrutiny since the SeriousFraudOffice(SFO) dropped its probe into claims that BAE Systems made illegal payments to Saudi officials through a slush fund, claims the company has denied.
But seldom is it as downright astigmatic as it was on July 30th, when the law lords ruled that the SeriousFraudOffice(SFO) was entitled to submit to blackmail and drop its investigation, in December 2006, into alleged bribery in a Saudi Arabian arms deal.