Thales Targeted

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French and British authorities launched a joint investigation into suspected bribery and corruption at the aerospace and defense group Thales.

Thales, Europe's largest defence technology firm, said the probe by the SFO and France's PNF financial prosecutor concerned a contract in Asia and focused on four entities in France and the UK, without giving further details.

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

A French judicial source told Reuters earlier that the probe related to an arms contract in Asia, centred on possible charges of bribery of a foreign public official, influence trafficking, handling stolen goods and money laundering.
Two people familiar with the case said it at least partially involved a business deal in Indonesia.
 

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