Thales Group Faces Investigations in the U.K. and France Over Alleged Bribery in Asia

French defense and aviation giant Thales Group is under investigation by authorities in both the U.K. and France for alleged involvement in bribery and corruption.

The U.K.'s Serious Fraud Office (SFO) announced on Thursday that it is conducting a joint probe into the matter alongside France's Parquet National Financier (PNF).

“Working collaboratively with our international partners is a crucial factor in the fight against international corruption and with this case I hope to reinforce the SFO and PNF’s long-standing relationship, built on mutual cooperation and shared success,” said Nick Ephgrave, director of the SFO, in the press release.

The investigation reportedly targets four Thales offices located in the U.K. and France and is linked to the execution of a contract in Asia. Thales Group, however, has denied the allegations.

“The group is fully cooperating with the PNF in France and the SFO in the U.K. Thales complies with all national and international regulations,” the company stated on Friday.

In addition to its work in aviation and defense, Thales Group offers services in security, aerospace, digital identity, and cybersecurity. The company operates in 68 countries and employs over 81,000 people globally, according to its official website.

A judicial source in France told Reuters that the investigation is connected to an arms contract in Asia, potentially involving Indonesia. The allegations include bribery of a foreign public official, influence trafficking, handling stolen goods, and money laundering. 

By fLEXI tEAM