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UK defence firm Ultra Electronics to pay £15m after SFO bribery investigation

A UK defense company faces a £15 million penalty following a bribery scandal involving contracts in Algeria and Oman. The Serious Fraud Office uncovered the firm's use of agents to secure deals, resulting in a hefty fine and investigation c...

The Guardian· May 1, 2026 · 9:58 PM · 42 views

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A UK defense company faces a £15 million penalty following a bribery scandal involving contracts in Algeria and Oman. The Serious Fraud Office uncovered the firm's use of agents to secure deals, resulting in a hefty fine and investigation costs. Will this penalty lead to better corporate practices? #Bribery #SFO #UKnews #CorporateGovernance #LegalNews

Originally reported by The Guardian. Read the full story →

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