BAE shares slump over fraud concerns

Shares in BAE Systems were 4% lower today after the Serious Fraud Office recommended the firm face prosecution over bribery allegations.

BAE shares slump over fraud concerns
Thu, 01 Oct, 2009 - 12:29

Shares in BAE Systems were 4% lower today after the Serious Fraud Office recommended the firm face prosecution over bribery allegations.

The move, which follows an investigation carried out by the SFO into the business activities of BAE Systems in Africa and Eastern Europe, caused shares to drop 15.4p to 333.7p by mid-morning.

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CourtsBusinessHeathrowPlace: AfricaPlace: Eastern EuropePlace: LondonPlace: AntofagastaPerson: Robert WisemanOrganisation: BAEOrganisation: BAE SystemsOrganisation: Serious Fraud OfficeOrganisation: SFOOrganisation: International Monetary FundOrganisation: Vedanta ResourcesOrganisation: Morgan StanleyOrganisation: WolseleyOrganisation: CitiOrganisation: National Australia BankOrganisation: Domino’s Pizza
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