Trends & Features

JJB-Sports Direct fraud probe dropped

No charges are to be brought by the Serious Fraud Office against Sports Direct and JJB Sports over allegations of cartel activity and fraud.

The SFO began investigating the retailers following a referral from the Office of Fair Trading.

The OFT investigation followed an approach from JJB on January 30, 2009 for immunity in accordance with the OFT’s leniency programme in relation to what the retailer described as a “a suspected agreement or concerted practice to dampen competition in the sports retail market during June 8, 2007-March 25, 2009”, the period in which former chief executive, Chris Ronnie, was employed by the company.

While the SFO investigation into the two companies has been completed, the investigation into individuals continues.

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