UK: “Suspected corruption” in Algeria probed by Ultra Electronics

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A “suspected corruption” in Algeria is being probed by UK’s Serious Fraud Office, pointed out British defence contractor Ultra Electronics.

“The SFO probe will turn around Ultra business, its subsidiaries, employees and associated persons, Ultra said, in a statement, on Thursday.

“Given the stage of these matters, it is not possible to estimate reliably what effect the outcome of this matter may have on the group,” Ultra said, adding that it continued to co-operate with the SFO.

Reuters

 

 

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