SFO Announces Criminal Investigation of Airbus
On August 8, 2016, the UK Serious Fraud Office (SFO) announced that it is conducting an investigation of aircraft manufacturer Airbus. The SFO stated that the investigation centers on the use of third party consultants. In April 2016, the Wall Street Journal reported that the U.K. Export Finance Industry had cut off export credit financing to the company while it conducted a fraud investigation also related to the use of third party overseas agents and referred the matter to the SFO. The SFO’s brief announcement asked for individuals with information to contact the agency through its confidential reporting system.