Belfast Telegraph

Corruption probe signals shares crash

By Henry Saker-Clark

De La Rue shares dived after it said the Serious Fraud Office (SFO) has opened an investigation into "suspected corruption" related to business in South Sudan.

The UK-headquartered passport and bank note manufacturer saw shares dive 12% after it informed investors about the investigation.

In a shareholder update, De La Rue said: "The UK Serious Fraud Office has informed De La Rue it has opened an investigation into the De La Rue group and its associated persons in relation to suspected corruption in the conduct of business in South Sudan.

"Given the early stage of these matters, it is not possible to predict reliably what effect their outcome may have."

Belfast Telegraph