Ultra deal shows firms can slash UK bribery fines despite cooperation hitches
By Martin Coyle ( May 7, 2026, 10:23 GMT | Comment) -- A £15 million settlement struck by Ultra Electronics to ward off a bribery prosecution demonstrates that companies can still get significantly reduced penalties through the UK's rarely used deferred prosecution agreement procedure even without full cooperation all the way through the negotiations. In the Serious Fraud Office's first DPA in five years, the company saw its fine cut by 45 percent in relation to its overall cooperation despite some difficulties.A deal struck by Ultra Electronics to ward off a bribery prosecution shows that companies can win a significant cut in penalties through the UK's rarely used settlement procedure even if they don't fully cooperate all the way through with fraud prosecutors....
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