BREAKING: UK Fraud Watchdog Opens News International Probe |

Britain’s Channel 4 News is reporting that the UK’s Serious Fraud Office (SFO), the agency charged with investigating and prosecuting large and complex fraud cases, has begun a preliminary investigation into News International, the parent company of News Corp’s UK newspapers. The probe comes after Labor MP Tom Watson wrote a letter to the SFO, in which he called News Corps alleged payments to police a “gross misuse of shareholders’ money.”