August 22, 2019
(JUBA) The Serious Fraud Office (SFO) of the United Kingdom is investigating De La Rue, the world’s biggest printer of banknotes over suspected corruption in South Sudan. The SFO said it was examining how the UK company De La Rue, which produces notes for the Bank of England, and associated individuals conducted business in the African country.
De La Rue has done business with South Sudan since the country was established in 2011, designing and printing the country’s banknotes on behalf of the Central Bank of South Sudan. The company produces notes for countries worldwide and is also the biggest commercial printer of passports.
De La Rue said it was cooperating with the SFO, which investigates serious fraud, bribery and corruption in England, Wales and Northern Ireland. The Basingstoke-based company and the SFO declined to give further details about the investigation.
The SFO has investigated De La Rue twice in the past 12 years. In 2010 it notified the SFO that some employees had falsified paper specification certificates, costing it at least £35m. Another investigation launched in 2007 was closed with no action taken against the company or employees.
(South Sudan NEWS PORTAL)