The Serious Fraud Office begins another investigation into a defence and aerospace manufacturer; this time it follows the voluntary handover of information from Chemring.
Control panel in military helicopter cockpit. Image: Shutterstock
A criminal investigation has been launched by the Serious Fraud Office (SFO) into alleged bribery, corruption and money laundering at high-tech aerospace and defence manufacturer Chemring.
The investigation will focus on subsidiary Chemring Technology Solutions, following a self-report.
The voluntarily released details relate to the behaviour of intermediaries on two specific historic contracts: the first was awarded prior to Chemring’s ownership of the business concerned; and the second for a contract in 2011. Details of the self-report are included in Chemring’s full-year results today, in which the manufacturer states that neithe
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