Oops! Rupert Murdoch is flying to London after five of tabloid's most senior staff arrested

[malaise]

28. News Corp faces renewed threat of prosecution in US following Sun arrests

Investigation of alleged bribery under Foreign Corrupt Practices Act is greatest danger to Rupert Murdoch's media empire
http://www.guardian.co.uk/media/2012/feb/11/news-corp-us-investigation-fcpa
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The latest Operation Elveden arrests sharply increase the danger to News Corporation of potential multimillion dollar fines by US authorities as part of the continuing investigation into alleged bribery of public officials under the Foreign Corrupt Practices Act (FCPA).

Eric Holder, the US attorney general, launched a preliminary investigation into News Corporation's activities last July. The FBI is known to be involved in the investigation on both sides of the Atlantic.

It is also understood that the US Securities and Exchange Commission (SEC) is conducting its own inquiries. The SEC takes an interest in cases where false financial information has been provided – in the case of News International, the use of false names in company records and accounts to disguise the recipients of bribes from journalists could fall into that category.