ABB says cooperating with UK corruption probe

ABB said it was cooperating with anti-fraud authorities in the United States and Britain and had reported past dealings with Monaco-based engineering and construction group Unaoil, including alleged improper payments to third parties. The Serious Fraud Office in Britain said earlier it has launched an investigation into the activities of ABB's United Kingdom subsidiaries, their officers, employees and agents for suspected bribery and corruption. "As a result of an internal investigation, ABB sel