The Serious Fraud Office (SFO) has launched a criminal investigation into suspected fraud at UK-based aircraft parts supplier AOG Technics. The SFO made one arrest during a raid and is working with regulators to establish the facts. Several major airlines, including Ryanair, American Airlines, United Airlines, and Delta, are investigating engine parts that may have come from AOG Technics. The UK aviation watchdog, the Civil Aviation Authority (CAA), issued a safety notice in August, prompting some companies to temporarily take planes out of service. The investigation deals with serious allegations of fraud and could have far-reaching consequences.
The Serious Fraud Office (SFO) in the UK has conducted raids and arrested one person as part of an investigation into AOG Technics Ltd, an aircraft parts supplier that has been servicing major airlines since 2015. The SFO is looking into allegations of fraud involving the supply of non-certified parts for the CFM56 engine, which is used on popular passenger and cargo aircraft. Aviation authorities have issued alerts to businesses that may have purchased or installed AOG's parts, resulting in some planes being grounded. Airlines affected include Ryanair, American Airlines, Delta Air Lines, United Airlines, Southwest Airlines, and Virgin Australia Airlines.
The UK Serious Fraud Office has charged four individuals in connection with the collapse of Patisserie Valerie, a popular British cafe chain. The charges include fraud, false accounting, and making or supplying articles for use in fraud. The collapse of Patisserie Valerie in 2019 revealed a £94m ($130m) hole in its accounts, leading to the closure of nearly 70 stores and the loss of thousands of jobs.
