{"id":7964,"date":"2018-01-18T19:18:25","date_gmt":"2018-01-18T16:18:25","guid":{"rendered":"http:\/\/anticorr.media\/?p=7964"},"modified":"2018-01-29T11:02:48","modified_gmt":"2018-01-29T08:02:48","slug":"britanskie-pravooxraniteli-nachali-proverku-oboronnoj-kompanii-na-vzyatochnichestvo-i-korrupciyu","status":"publish","type":"post","link":"https:\/\/anticorr.media\/en\/britanskie-pravooxraniteli-nachali-proverku-oboronnoj-kompanii-na-vzyatochnichestvo-i-korrupciyu\/","title":{"rendered":"SFO launches probe into bribery and corruption at defence group Chemring"},"content":{"rendered":"<p>This material belongs to: <a href=\"http:\/\/www.telegraph.co.uk\/business\/2018\/01\/18\/sfo-launches-probe-bribery-corruption-defence-group-chemring\/\">The Telegraph<\/a>.<\/p>\n<p><strong><span class=\"m_first-letter m_first-letter--flagged\">T<\/span>he <a href=\"https:\/\/en.wikipedia.org\/wiki\/Serious_Fraud_Office_(United_Kingdom)\">Serious Fraud Office<\/a> has launched a formal investigation into bribery, corruption and money-laundering concerns at defence company <a href=\"https:\/\/en.wikipedia.org\/wiki\/Chemring_Group\">Chemring<\/a>.<\/strong><\/p>\n<p><strong>The SFO said the investigation relates to the use of \u201cmiddlemen\u201d by <a href=\"https:\/\/en.wikipedia.org\/wiki\/Chemring_Group\">Chemring<\/a>, and that the company voluntarily reported the concerns to it.<\/strong><\/p>\n<p data-mediaconductor-processed=\"true\">Use of intermediaries has become a focus for the SFO recently. It secured a record \u00a3671m settlement from <a href=\"https:\/\/en.wikipedia.org\/wiki\/Rolls-Royce\">Rolls-Royce<\/a> last year over its use of middlemen to win contracts.<\/p>\n<div class=\"articleBodyText section\">\n<div class=\"article-body-text component \">\n<div class=\"component-content\">\n<figure id=\"attachment_7967\" aria-describedby=\"caption-attachment-7967\" style=\"width: 2000px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7967\" src=\"http:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend.jpg\" alt=\"SFO\" width=\"2000\" height=\"1334\" srcset=\"https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend.jpg 2000w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend-300x200.jpg 300w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend-768x512.jpg 768w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend-1024x683.jpg 1024w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/26032_Greend-1170x780.jpg 1170w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/><figcaption id=\"caption-attachment-7967\" class=\"wp-caption-text\">Source: lawgazette.co.uk.<\/figcaption><\/figure>\n<p><span class=\"m_first-letter m_first-letter--flagged\">R<\/span>olls paid the settlement after an international investigation into the use of bribery and corruption to land deals. The judge who agreed the settlement said that, had Rolls not launched efforts to clean itself up, it could have been prosecuted. A conviction would have almost certainly resulted in the company losing many of its multi-billion-pound customers, who would be banned from working with it.<\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Airbus\">Airbus<\/a> is also under investigation by the SFO and foreign regulators over similar concerns, with the aircraft manufacturer having self-reported to authorities after unearthing issues during internal audits.<\/p>\n<p>Chemring &#8211; whose products include grenades and flares used by military aircraft &#8211; announced the investigation in the notes to its annual results, saying the two \u201chistoric\u201d contracts involved the use of middlemen who represented Chemring subsidiary <a href=\"https:\/\/en.wikipedia.org\/wiki\/Chemring_Group\">CTSL<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"articleBodyText section\">\n<div class=\"article-body-text component \">\n<div class=\"component-content\">\n<p><span class=\"m_first-letter m_first-letter--flagged\">T<\/span>he first took place before Chemring acquired the business and the second in 2011.<\/p>\n<figure id=\"attachment_7969\" aria-describedby=\"caption-attachment-7969\" style=\"width: 480px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7969 size-full\" src=\"http:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/TELEMMGLPICT000060507687_trans_NvBQzQNjv4BqaRL1kC4G7DT9ZsZm6Pe3PehAFAI_f6ud569StXyOKH0.jpeg\" alt=\"Michael Flowers, chief executive of Chemring\" width=\"480\" height=\"299\" srcset=\"https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/TELEMMGLPICT000060507687_trans_NvBQzQNjv4BqaRL1kC4G7DT9ZsZm6Pe3PehAFAI_f6ud569StXyOKH0.jpeg 480w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/TELEMMGLPICT000060507687_trans_NvBQzQNjv4BqaRL1kC4G7DT9ZsZm6Pe3PehAFAI_f6ud569StXyOKH0-300x187.jpeg 300w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><figcaption id=\"caption-attachment-7969\" class=\"wp-caption-text\">Source: The Telegraph.<\/figcaption><\/figure>\n<p><a href=\"http:\/\/www.telegraph.co.uk\/finance\/newsbysector\/industry\/defence\/11546684\/Monday-Interview-Michael-Flowers-chief-executive-of-Chemring.html\"><span class=\"m_first-letter m_first-letter--flagged\">M<\/span>ichael Flowers<\/a>, chief executive of Chemring, said: \u201cWe do not consider them to be material to the group\u2019s overall performance. We self-reported and this is something we take extremely seriously:\u00a0we are fully co-operating with the investigation.\u201d<\/p>\n<p>He added Chemring only discovered the incidents that led it to contact the SFO \u201ca little while back\u201d during a routine audit.<\/p>\n<p>\u201cWe contacted the SFO and at their behest we did some more work looking in to this,\u201d Mr Flowers added, saying the company was \u201cwas only very recently told by the SFO it was launching a formal investigation\u201d.<\/p>\n<p>The revelation came as Chemring posted annual numbers that showed revenue rose 11pc at \u00a3547.5m but pre-tax profit halved to \u00a34m, pushed down by factors including \u00a314m of restructurings in the US and \u00a310m of writedowns on technology. On an underlying basis, pre-tax profit was up 30pc at\u00a0\u00a344.1m.<\/p>\n<p>Mr Flowers said the company was making good progress with its three major US programmes, the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Improvised_explosive_device\">IED<\/a>-detecting <a href=\"http:\/\/www.hdmsltd.com\/\">HDMS<\/a> system\u00a0and two chemical and biological weapons sensor systems.<\/p>\n<div class=\"articleBodyText section\">\n<div class=\"article-body-text component \">\n<div class=\"component-content\">\n<figure id=\"attachment_7965\" aria-describedby=\"caption-attachment-7965\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-7965 size-full\" src=\"http:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs.jpg\" alt=\"Chemring's HDMS system is used to detect buried IEDs\" width=\"1280\" height=\"800\" srcset=\"https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs.jpg 1280w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs-300x188.jpg 300w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs-768x480.jpg 768w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs-1024x640.jpg 1024w, https:\/\/anticorr.media\/wp-content\/uploads\/2018\/01\/Husky-Mounted-Detection-System-HMDS_trans_NvBQzQNjv4BqEDjTm7JpzhSGR1_8ApEWQA1vLvhkMtVb21dMmpQBfEs-560x350.jpg 560w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><figcaption id=\"caption-attachment-7965\" class=\"wp-caption-text\">Chemring&#8217;s <a href=\"http:\/\/www.hdmsltd.com\/\">HDMS<\/a> system is used to detect buried IEDs. Source: CHEMRING.<\/figcaption><\/figure>\n<p><a href=\"http:\/\/www.hdmsltd.com\/\"><span class=\"m_first-letter m_first-letter--flagged\">H<\/span>DMS<\/a> is close to entering production with revenue from it expected to kick in from 2018, while the other two other programmes have finished R&amp;D with engineering and manufacturing development starting. They should contribute to revenues from 2021.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"articleBodyText section\">\n<div class=\"article-body-text component \">\n<div class=\"component-content\">\n<p><span class=\"m_first-letter m_first-letter--flagged\">C<\/span>oncerns have grown that Ministry of Defence will cut back spending on suppliers, but Mr Flowers noted\u00a0that the UK military accounts for only 5pc of Chemring&#8217;s sales.<\/p>\n<p>&#8220;We are seeing the MoD being more deliberate in its decisions,&#8221; he said. &#8220;They are looking carefully at what they buy, when they buy it, and how much they buy &#8211; which is exactly what taxpayers should expect them to do.&#8221;<\/p>\n<p>However, at the moment he said the MoD was &#8220;not buying less&#8221; from Chemring.<\/p>\n<p>Cheming shares rose 3pc to 183.6p<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This material belongs to: The Telegraph. The Serious Fraud Office has launched a formal investigation into bribery, corruption and money-laundering concerns at defence company Chemring. The SFO said the investigation relates to the use of \u201cmiddlemen\u201d by Chemring, and that the company voluntarily reported the concerns to it. Use of intermediaries has become a focus [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60,3,38],"tags":[],"class_list":["post-7964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mnenie-eksperta","category-review","category-investigation","has-thumb"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SFO launches probe into bribery and corruption at defence group Chemring - Anticorr.media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/anticorr.media\/britanskie-pravooxraniteli-nachali-proverku-oboronnoj-kompanii-na-vzyatochnichestvo-i-korrupciyu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFO launches probe into bribery and corruption at defence group Chemring - 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