BAE: inquiries spread to Romanian and South African deals
Although UK investigations into allegations of corruption in the Al Yamamah arms deal were dropped, BAE has been the subject of more widespread corruption allegations which, because they do not involve Saudi Arabia, would not fall foul of the same problems.
A particular issue could be whether BAE didn’t tell the Government the full story when getting financial support for other arms deals:
Serious Fraud Office director Robert Wardle said he is looking into suggestions that BAE gave untruthful information to the [British Government's] Export Credits Guarantee Department about arms deals … The SFO is looking into a £1.6bn sale of Hawk jets to South Africa and £116m of reconditioned Royal Navy frigates sold to Romania. It wants to know if BAE’s application to the ECGD failed to admit to bribery.
Read the full story at thisismoney.co.uk
Posted in BAE |
