One person has been arrested as part of a fraud investigation into a company that provides engine parts to several major airlines.

On Wednesday, the Serious Fraud Office (SFO) announced it raided a property and launched a new investigation into AOG Technics Ltd.

The company supplies engine parts to several major airlines in the UK and abroad.

In August. the Civil Aviation Authority announced it was investigating the same company for the “supply of a large number of suspect unapproved parts”.

Since investigations began some planes have been grounded in the UK and US.

Nick Ephgrave, director of the SFO, said: “This investigation deals with very serious allegations of fraud involving the supply of aircraft parts, the consequences of which are potentially far reaching.

“The SFO is best placed to take this investigation forward vigorously and we are determined to establish the facts as swiftly as possible.”

People removed from COVID inquiry as Boris Johnson interrupted while saying ‘sorry for pain and suffering’

China accuses UK of violating international law after sanctions over Ukraine war

Government stops short of fully committing to ‘Hillsborough Law’

The SFO investigators, accompanied by officers from the National Crime Agency, seized material from a site in Greater London and one individual is currently being questioned.

Be the first to get Breaking News

Install the Sky News app for free

Headquartered in the UK, AOG has supplied parts globally for the world’s best-selling passenger aircraft engine (the CF56) and most-used cargo aircraft engine (the CF6) since 2015.

The parts were mostly sold to overseas companies that install airline parts, as well as some UK airlines, maintenance providers and parts suppliers.

The UK Civil Aviation Authority (CAA), the US Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency issued alerts earlier this year to aviation businesses that may have bought or installed AOG’s parts and continue to manage the safety implications involved.

Related posts:

Global economic damage could be $1.7trn a year by 2025 if climate change not tackled now, experts warn Retail sales find reverse gear as hospitality’s return hits grocery demand Iceland and Greene King latest to be hit by ‘pingdemic’ closures Spire shareholders reject £1bn takeover after value row Private equity suitors circle £400m LloydsPharmacy chain From rags to riches: the story of UK logistics company’s £943m sale UK car production falls by 41% on chip shortage Will US-EU gas deal crack open door to greater transatlantic supply? Fuel price protesters bring parts of motorway to standstill as police ‘aware’ of driving offences Major UK food producer says no more price rises this year THG hits high note with sale of music retailer Zavvi ‘We can certainly afford two wars’, US Treasury secretary says