The UK Serious Fraud Office (SFO) [official website] confirmed [press release] Friday that it has opened a criminal investigation into Tata Steel [official website], looking into activity that took place at the Specialty Steels unit in the UK. Tata Steel is headquartered in India, but earns nearly 70% of its revenue from foreign business operations. While the company is not commenting on the on-going investigation, reports allege that the inquiry surrounds alleged falsified documents [Telegraph report] dealing with the composition of products sold to approximately 500 customers.

Fraud, corruption and other deceitful activity continues to be a worldwide concern. Earlier this month, confidential documents leaked from a Panamanian law firm confirmed [JURIST report] that world leaders and other high profile individuals are hiding billions in off-shore accounts. In March, Brazilian President Dilma Rousseff stated [JURIST report] that she would sue Senator Delcidio Amaral for his allegations of corruption levied against her. Despite Rousseff’s threats, impeachment proceedings continue against her, joined earlier this month by impeachment proceedings [JURIST reports] against Vice President Michel Temer.