1st Feb 2016 08:00
LONDON (Alliance News) - Construction and property consultancy Sweett Group PLC on Monday said it has closed down its Middle East business and exited the region.
Sweett was recently charged with an offence under the Bribery Act in the UK by the Serious Fraud Office following an investigation into bribery allegations involving its Cyril Sweet International Ltd subsidiary in the Middle East.
Allegations of bribery involving an employee at the subsidiary were first made in The Wall Street Journal in 2013, prompting an internal investigation by Sweett which uncovered two contracts deemed suspicious, which the company then reported to the SFO.
Sweett said it intends to service all existing contracts where possible and will assist with the orderly handover of some work to local consultancies.
By Sam Unsted; [email protected]; @SamUAtAlliance
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