French defense contractor Thales Group under investigation for bribery in Asia

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French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.

The U.K. Serious Fraud Office (SFO) announced the investigation in a press release Thursday, adding that it is conducting a joint investigation into the issue with the Parquet National Financier (PNF) of France.

“Working collaboratively with our international partners is a crucial factor in the fight against international corruption and with this case I hope to reinforce the SFO and PNF’s long-standing relationship, built on mutual cooperation and shared success,” said Nick Ephgrave, SFO director, in the release.

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