Sunday, July 17, 2011

BREAKING: UK FRAUD WATCHDOG OPENS NEWS INTERNATIONAL PROBE

Britain’sChannel 4 News is reporting that the UK’s Serious Fraud Office (SFO), the agency charged with investigating and prosecuting large and complex fraud cases, has begun a preliminary investigation into News International, the parent company of News Corp’s UK newspapers.  The probe comes after Labor MP Tom Watson wrote a letter to the SFO, in which he called News Corps alleged payments to police a “gross misuse of shareholders’ money.” This latest revelation in the ongoing scandal comes just hours after former News International executive Rebekah Brooks was arrested in London.

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