PracticeAccounting FirmsPwC investigates EADS bribery allegations

PwC investigates EADS bribery allegations

Firm to run a parallel investigation to that of the SFO, which is looking into bribery allegations involving EADS subsidiary GPT

PWC WILL LOOK into bribery allegations at a subsidiary of defence business EADS, parallel to an investigation currently underway by the Serious Fraud Office (SFO).

Accounts and audits of EADS’ subsidiary GPT will be looked at going back several years, reports The Telegraph, but the paper questioned the firm’s appointment due to its work on EADS’ accounts as Coopers & Lybrand up to 1998.

The SFO is understood to be investigating allegations that EADS’ subsidiary paid millions of pounds of bribes into a Cayman Islands bank account.

Neither EADS or PwC were available for comment.

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