By Michael Cross2021-04-26T13:46:00+01:00 The high-profile prosecution of two former directors of outsourcing giant Serco collapsed today when a judge at Southwark Crown Court directed a jury to acquit following admissions of disclosure failings by the Serious Fraud Office. Nicholas Wood and Simon Marshall had been accused of defrauding the government out of £12m by understating the profitability of Serco's prisoner-tagging contract. The matter was the subject of In a statement, the SFO said that a prosecution review of its disclosure process 'uncovered errors made in the non-disclosure of certain materials'. Mrs Justice Tipples rejected a request for an adjournment to remedy the position so that it could pursue a retrial, saying this was not in the public interest. The judge also pointed to what she called 'real concerns in relation to the nature of the prosecution case'.