Sunday 5 September 2021
By Stefan Boscia
Telecoms giant O2 is being investigated by the Serious Fraud Office reportedly over allegations of bribery involving the company’s executives.
The company revealed in a financial statement that it is cooperating with the SFO, following its merger with Virgin Media.
O2’s recent £31bn merger with Virgin Media makes the new company the UK’s largest network, ahead of BT and EE.
The investigation disclosure, first revealed by the Sunday Telegraph, comes after years of rumours that the firm is being investigated by the watchdog.
Industry insiders told the Telegraph that the probe concerns allegations that former O2 executives were involved with the payment of kickbacks with customers.
Read the article at https://www.cityam.com/serious-fraud-office-probing-o2-bribery-allegations/