Serious Fraud Office

  1. Airbus added 'a little baksheesh'

    Today Programme

    BBC Radio 4

    Airbus plane

    More now on that £840m Airbus fine from the Serious Fraud Office.

    This time, Lisa Osofsky, director of the SFO, was talking to Today. She told the programme that Airbus had disclosed "all sorts of things" that the fraud investigators did not know. That included giving them access to 30 million documents.

    She said: "For years and years, the way Airbus got business done was to make sure it could make a deal and add on a little baksheesh for whoever was helping them."

    But she said the Serious Fraud Office did not pursue a criminal prosecution, because the planemaker's co-operation was "exemplary".

    "The fact of the matter is, we have always gone after individuals when we've had evidence."

  2. BreakingAirbus reaches settlement on bribery and corruption claims

    Airbus says it has agreed to reach a settlement with UK, French and US authorities regarding a probe into allegations of bribery and corruption.

    The aircraft-maker said: "Airbus confirms that it has reached agreement in principle with the French Parquet National Financier, the UK Serious Fraud Office and the US authorities.

    "These agreements are made in the context of investigations into allegations of bribery and corruption as well as compliance with the US International Traffic in Arms Regulations.

    "They remain subject to approval by French and UK courts and US court and regulator."

    Airbus has been investigated by France and the UK over suspected corruption dating back over a decade. It has also faced investigations in the US over suspected violations of export controls.

  3. Glencore shares slump

    share chart

    Glencore's shares have fallen 6% after it announced that the Serious Fraud Office is investigating "suspicions of bribery in the conduct of business" at the mining group.

  4. BreakingGlencore says SFO investigating

    Glencore has just announced that it has been notified "today" that the Serious Fraud Office (SFO) has opened "an investigation into suspicions of bribery in the conduct of business of the Glencore group".

    "Glencore will co-operate with the SFO investigation," it says.

  5. SFO confirms Glencore investigation

    The Serious Fraud Office has confirmed it is" investigating suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons".

    "As this is a live investigation we cannot comment further," the SFO said.

  6. Shamed director of ethical forestry scheme arrested at Heathrow

    A forest

    Andrew Skeene, a former director of an ethical forestry investment scheme, has been charged with fraud after being arrested at Heathrow Airport at the end of June.

    The Serious Fraud Office has charged the former director of Global Forestry Investments with conspiracy to defraud, forgery, and misconduct in the course of winding up.

    The charges relate to alleged frauds concerning Global Forestry Investments between August 2010 and December 2015.

    Last year Mr Skeene was banned from being a director for 10 years after he and another man pocketed millions from investments intended for Brazilian teak schemes.