The U.K. Serious Fraud Office confirmed today that it has opened an investigation into Chemring Group and its subsidiary, Chemring Technology Solutions Limited (CTSL) following a self-report made by CTSL.
Chemring Group is a global business providing a range of advanced technology products and services to the aerospace, defence, and security markets. In a statement, the SFO confirmed that it has “opened a criminal investigation into bribery, corruption, and money laundering arising from the conduct of business by Chemring Group and CTSL, including any officers, employees, agents and persons associated with them.”
