Peer urges Government to back anti-corruption law
The Corruption Bill, introduced by Liberal Democrat peer Lord Chidgey, reaches its Third Reading in the House of Lords this afternoon. The Bill aims to tighten the laws on British companies operating abroad. The current rules have been criticised by the OECD.
Following press allegations that BAE paid up to £1bn in bribes to a member of the Saudi Arabian royal family, Lord Chidgey called on the Government to back his Bill.
“Recent revelations makes it even more important that this Bill becomes law. I strongly urge the Government to back this important piece of legislation.
“The debacle surrounding the Al Yamamah investigation shows that something must be done to restore faith in the British justice system urgently.
“The UK must fulfil its international obligations to tackle corruption properly.
“Britain has become a laughing stock within the OECD and the reputation of British companies operating abroad has been severely tarnished.”
Posted in Lord Chidgey, OECD |
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