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The E-Sylum:  Volume 10, Number 31, August 5, 2007, Article 16

BANKNOTE PRINTER DE LA RUE FIGHTS CORRUPTION ALLEGATIONS

News reports this week noted that word of a criminal inquiry
hit shares of bank note printer De La Rue:

"Shares in De La Rue fell sharply in London this morning after
it emerged that the world's largest commercial banknote printer
is being investigated by police over allegations of corruption.

"On Friday, the City of London Police said that its new
anti-corruption unit had launched raids on two company
premises in Hampshire and one in Bedfordshire as part of
a joint investigation with the Serious Fraud Office (SFO).

"De La Rue said it believed that the allegations that sparked
the investigation came from a former employee against whom
the company has obtained a judgment for the recovery of monies
stolen from it.

"De La Rue said that it believed the allegations were false
and it was confident that the matter would be resolved quickly.

"De La Rue prints more than 150 national currencies as well
as passports, travellers' checks, stamps and passports,
through its security paper and print division."

To read the complete article, see:
Complete Article

  Wayne Homren, Editor

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