SFO closes bribery and money laundering investigation into global technology company

On July 1, 2022, the UK Serious Fraud Office announced that it had closed its 2018 investigation into global technology product and service provider Chemring Group PLC (Chemring) and its subsidiary, Chemring Technology Solutions Limited (CTSL) after it found insufficient evidence of criminal activity.  The investigation, which was launched following a voluntary report by CTSL, focused on possible bribery, corruption and money laundering by Chemring and CTSL employees.  According to the SFO, there was “insufficient evidence to support a realistic prospect of conviction as required by the Code for Court Prosecutors.”  Chemring issued a press release confirming termination of the SFO’s investigation.  The company indicated that it had fully cooperated with the SFO throughout the investigation and was pleased that the matter is now closed.

SFO Press Release | Chemring Press Release