Thursday, March 25, 2010

SFO Providing Real Time Disclosure in ALSTOM Investigation

For a government agency that has stated in the past that it prefers not to investigate bribery and corruption cases (see here), and for a government agency that has received mounds of criticism in connection with its bungled BAE enforcement action, the U.K. Serious Fraud Office ("SFO") would seem to be running a public relations campaign of late.

In this release from today, the SFO states, in connection with ALSTOM investigation (see here) that:

"The Serious Fraud Office search operation runs into its second day. Following yesterday's multi-location search operation and arrests relating to ALSTOM in the UK, the SFO made operational decisions to extend searches today at ALSTOM properties in Rugby and Ashby de la Zouch. Today's operation involved over 50 personnel including officers from the Warwickshire and Leicestershire Police forces."

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