Skip to content
Saturday 15 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,750.11
-0.21%
DAX
26,440.31
+0.53%
CAC 40
8,636.80
-0.16%
STOXX 50
6,539.59
-0.09%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Friday 15 January 2021 7:36 am

SFO closes investigation into British American Tobacco

By: Hannah Godfrey

Add as a preferred source on Google
British American Tobacco (BAT) is reportedly set to begin a begin a partial sale of its stake in Indian partner ITC as early as this week.
Under the buyback plan, BAT plans to repurchase £1.6bn worth of its ordinary shares, with £700m slated for 2024 and £900m to follow in 2025. (Credit: Getty)

The Serious Fraud Office (SFO) has closed its investigation into British American Tobacco (BAT), its subsidiaries and associated persons. 

The SFO said the evidence in the case did not meet the evidential test for prosecution. 

According to the BBC, BAT, which owns brands Lucky Strike and Pall Mall, was under investigation over allegations it paid bribes in East Africa.

Paul Hopkins, who worked for BAT in Kenya for 13 years, told Panorama in 2015 he had begun paying bribes after being told it was the cost of doing business in Africa.

The payments were aimed at influencing laws surrounding the use of tobacco in the region.

BAT told Panorama at the time: “The truth is that we do not and will not tolerate corruption, no matter where it takes place.”

Read more

Rachel Reeves’ sister takes top legal role in Burnham’s Cabinet overhaul

Close-up of a business professionals hands typing on a laptop keyboard with financial charts on screen

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Retail

Related Topics

  • British American Tobacco
  • Company

Trending Articles

  • Revolut takes flight with launch of new airport lounges

  • Grandparents fund university degrees to avoid inheritance tax net

  • Revolut chatbot goes rogue by charging users to cancel subscription

  • Brompton Bicycle sues former adviser for ‘professional negligence’

  • As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war

More from Morning Wire

  • Rachel Reeves’ sister takes top legal role in Burnham’s Cabinet overhaul

    Politics
    Close-up of a business professionals hands typing on a laptop keyboard with financial charts on screen
  • Banning vape shops won’t fix scuzzy high streets

    Opinion
    High street vape shop Ecigwizard next to Costa Coffee and Subway, with people walking and sitting outside.
  • Government urged to refuse £1bn British Steel repayment to Chinese former owner 

    Politics
    Labour's Jonathan Reynolds unveiled the industrial strategy in June.
  • Nigel Farage wins in Clacton – and triggers investigation

    Politics
    Nigel Farage, in a striped jacket and sunglasses, speaks outside a polling station.
  • Associated British Foods rises to bread battle with Warburtons

    Retail
    Artisan bread loaves on display, symbolizing Associated British Foods strategic merger challenge to Warburtons in the brea...
  • Top Tory slams ‘ivory tower’ financial regulators as takeover bids blight London Stock Exchange

    Markets
    Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)
  • Calls for Argentina to be banned from World Cup over Falklands banner

    Sport Business
    Business professionals engaged in a collaborative meeting at a conference room discussing strategic growth opportunities
  • Russian propaganda website hit with record ‘pink slime’ payout at High Court

    Life&Style
    Due to the provided information being incomplete, I am unable to generate specific alt text for the image in question. Ple...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook