SFO raids five properties

The Serious Fraud Office has searched five properties and made three arrests as it announced a new multi-million-pound international bribery investigation.

The target of the investigation is UK company Blu-£ and former associates of the global construction firm Mace Group.

Individuals at Blu-3 are suspected of paying over £3m of bribes to former associates of Mace Group in relation to the construction of a data centre in the Netherlands for tech giant Microsoft.

More than 70 SFO staff searched four homes and one commercial [property across London, Kent, Surrey, and Somerset to seize evidence.

Nick Ephgrave QPM, Director of the Serious Fraud Office, said:Paying bribes to do business undermines our financial markets, the reputation of British companies and the rule of law and will not be tolerated.