SFO consider formal investigation into contracts in Iraq and the Philippines won by Mabey and Johnson.

The Serious Fraud Office is considering launching a formal investigation into British bridge-building firm Mabey and Johnson in both Iraq and the Philippines.

According to a report in The Guardian, the family-controlled firm has been accused of over-charging on a £400m bridge-building project in the Philippines which critics say “goes nowhere”.

In Iraq, the firm stands accused of paying a kickback to secure a $3.6m (£2.1m) contract, and is named in a UN investigation as one of the companies who made “illicit payments” to Saddam Hussein.

In both cases the SFO will conduct preliminary review before deciding whether to make a formal investigation.