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SFO launches probe into bribery and corruption at defence group Chemring

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 “middlemen” by Chemring, and that the company voluntarily reported the concerns to it. Use of intermediaries has become a focus for the SFO recently. It secured a record £671m settlement from Rolls-Royce last year over its use of middlemen to win contracts.