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Chemring faces bribery probe by Serious Fraud Office

Jaclyn Jaeger | January 18, 2018

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.”

SFO added that it can make no further comment as the investigation is ongoing.

The SFO investigation followed a voluntary report made by CTSL relating to “two specific historic contracts, the first of which was awarded prior to the Group’s... To get the full story, subscribe now.