On 19th April 2018 there was an announcement, for the purposes of Article 7 of EU Regulation 596/2014, that the SFO had informed Ultra Electronic Holdings plc (“Ultra Electronics”), that they had opened a criminal investigation into suspected corruption in the conduct of business in Algeria by its subsidiaries, employees and associated persons.
This action resulted from a self-report by Ultra Electronics.
What is Ultra Electronics? | Kangs International Criminal Defence Team
According to its own website, ‘Ultra Electronics is a world-leading group of businesses operating in the defence and aerospace, security and cyber, transport and energy markets’.
The Current Position | Kangs Financial Fraud Defence Solicitors
Ultra Electronics issued a statement in which it confirmed that it had referred itself to the SFO and that ‘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’.
The SFO has stated that it was looking into Ultra Electronics but could not provide additional information as the investigation ‘is live’.
How Can We Help? | Kangs National Serious Crime Solicitors
Our team of solicitors has considerable experience in supporting, advising and guiding clients facing serious investigation of all types and, where necessary, defending any resultant criminal proceedings.
Please feel free to contact our team through any of our solicitors named below, who will be happy to provide you with some initial advice and assistance.