UK's SFO initiates investigation into Tata Steel's operations : Report

Criminal investigation underway over alleged fake certificates given on the composition of products before its sale, Telegraph reported

UK's SFO initiates investigation into Tata Steel's operations : Report
Reuters Bengaluru
Last Updated : Apr 08 2016 | 7:29 AM IST
UK's Serious Fraud Office (SFO) has initiated a criminal investigation into Tata Steel's operations, the Telegraph reported on Thursday.

Police officers are investigating charges that Tata Steel's staff in and around its Yorkshire's site, may have faked certificates on the composition of the products before its sale, the newspaper said.

Examined documents have affected 500 customers, including BAE and Rolls-Royce, Telegraph said, citing a source.

Tata, the biggest steel producer in Britain, has put its British businesses up for sale due to high costs, weak demand and a flood of cheap supplies from top producer China.

The British government, under fire for the way it has responded to the crisis, opened talks with potential buyers for Tata Steel's UK operations, including Gupta's Liberty House, earlier this week.

More From This Section

First Published: Apr 08 2016 | 7:29 AM IST

Next Story