UK: British business targeted in US bribery investigations

Date: 1 Jun 2009

British–based companies make up the majority of targets of investigations over corporate bribery carried out by the US government, according to recent research.

According to law firm Freshfields Bruckhaus Deringer, 16 out of 29 investigations currently being conducted in Washington are focused on companies based in the UK, Bermuda or the Cayman Islands.

According to some commentators, the facts underlined dissatisfaction in Washington with Britain's resolve in tackling corporate bribery overseas. The UK was widely criticised for abandoning its investigation into alleged corruption by BAE Systems in Saudi Arabia.

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