The Lloyd's building is located on the former site of East India House on Lime Street in London's main financial district. (Credit: Hollie Adams/Bloomberg)
(Bloomberg) — UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador.
The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent associates from bribing state officials, according to a public statement. Representatives of the firm, which is a registered broker at the Lloyd’s of London insurance market, will appear at a London court on May 7 to hear the charges.
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