Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Thursday 21 November 2024 5:28 pm  |  Updated:  Thursday 21 November 2024 5:33 pm

Defence giant Thales faces UK bribery and corruption probe

By: City PM reporter

Add as a preferred source on Google
The Serious Fraud Office has launched an investigation into French defence giant Thales for suspected bribery and corruption.
Thales is one of the government’s key defence contractors, and built hundreds of lightweight missiles which the UK sent to Ukraine in September.

The Serious Fraud Office has launched an investigation into French defence giant Thales for suspected bribery and corruption.

Authorities in the UK and France said they are carrying out a joint probe into the firm, which employs more than 7,000 staff in the UK.

Thales is one of the government’s key defence contractors, and built hundreds of lightweight missiles which the UK sent to Ukraine in September.

It comes after police in France, the Netherlands and Spain searched the company’s offices in June, over suspicions of corruption linked to arms sales abroad, according to reports.

Investigators from the SFO and French authority Parquet National Financier have informed the company of the investigation, they said on Thursday.

Director of the Serious Fraud Office, Nick Ephgrave QPM, said: “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.

“We will together rigorously pursue every avenue in our investigation into these serious allegations.”

Thales has been approached for comment.

Press Association – by Alex Daniel

Read more

John Healey’s principles will cost UK defence companies

Breaking news concept with a digital world map and stock market graphs, illustrating global business trends and data analy...

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • Bribery
  • corruption
  • Defence
  • Thales

Trending Articles

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal

  • As it happened: FTSE 100 scrapes into green after Segro’s surge; Oil at pre-war levels after Trump snaps at industry

More from City PM

  • John Healey’s principles will cost UK defence companies

    Opinion
    Breaking news concept with a digital world map and stock market graphs, illustrating global business trends and data analy...
  • Procter & Gamble axes relationship with Kremlin propaganda channel

    Retail
    007 PG news article image featuring a business meeting with executives discussing strategy at a modern conference table
  • HSBC coughs up $25m over Australian scam failures

    Banking
    HSBC's Canary Wharf office.
  • Britain’s first sovereign AI model secures blue-chip backing as Starmer unveils £400m plan

    Tech
    Prime Minister Keir Starmer addressing media at a press conference podium, discussing current governmental policies and in...
  • War bonds to lift defence spending ruled out

    Politics
    Rachel Reeves will look to offer entrepreneurs tax breaks in her battle to keep her headroom intact.
  • Watchdog opens probe into auditors of collapsed lender MFS

    Accountancy
    (Photo by Leon Neal/Getty Images)
  • I was defence secretary, here’s how we fund our armed forces

    Opinion
    Business professionals in a modern office discussing a strategic plan with charts and graphs displayed on a large screen
  • Government aid ‘worth £28bn’ handed to terrorists, criminals and hostile states

    Politics
    Whitehall and Westminster

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy