SFO’s insufficient evidence at London’s Financial Products

The Serious Fraud Office (SFO) has dropped an investigation into the UK operations of AIG Financial Products – the unit that caused AIG to be bailout by the US government, the Telegraph reports.

British investigators said they found "insufficient evidence to bring a prosecution" during a 15-month investigation into potential "criminal conduct".

"We welcome the Serious Fraud Office's decision, and we continue to co-operate with other authorities on their assessment of these events as we focus on strengthening our businesses and repaying American taxpayers," an AIG spokesman said.

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