UK defence firm Ultra Electronics to pay £15m after SFO bribery investigation
UK defence company Ultra Electronics has agreed to pay £15m in penalties and investigation costs after admitting failure to prevent bribery in public sector contracts in Algeria and Oman, under a deferred prosecution agreement approved by the High Court. The Serious Fraud Office (SFO) investigation, launched in 2018, marks a rare corporate bribery enforcement success for the agency following a series of failed high-profile cases. Ultra Electronics will also implement reforms and submit annual compliance reports for the next three years.
Opening excerpt (first ~120 words) tap to expand
The SFO had been hit by the collapse of a series of high profile cases against Serco, G4S and London Mining. Photograph: Russell Hart/AlamyView image in fullscreenThe SFO had been hit by the collapse of a series of high profile cases against Serco, G4S and London Mining. Photograph: Russell Hart/AlamySerious Fraud OfficeUK defence firm Ultra Electronics to pay £15m after SFO bribery investigationCompany accepts it failed to prevent bribery in public sector contracts in Algeria and Oman, sought through use of agentsJuliette GarsideFri 1 May 2026 13.27 EDTLast modified on Fri 1 May 2026 13.31 EDTSharePrefer the Guardian on GoogleThe British defence company Ultra Electronics has accepted responsibility for failure to prevent bribery and agreed to pay £15m after an investigation by the…
Excerpt limited to ~120 words for fair-use compliance. The full article is at World news | The Guardian.
Discussion
0 commentsMore from World news | The Guardian
