The proverbial roller-coaster ride for small British defense contractor Ultra Electronics took another dip April 19 after it acknowledged that the UK Serious Fraud Office (SFO) has opened a criminal investigation into suspected corruption in regard its to business conduct in Algeria. “This follows a voluntary self-report by Ultra to the SFO,” the company told investors in a regulatory news announcement. “Ultra continues to cooperate with the SFO.” The English ...

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