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Posts Tagged ‘BAE Systems’

Corruption overseas – Britain’s bribery shame

The UK has been identified for several years by the OECD as one of the worst laggards… This is highlighted by the fact that the suspension of the Al-Yamamah investigation in 2006 – looking at alleged bribes paid by BAE Systems as part of a UK-Saudi Arabia arms deal

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Bosses who ignore bribery and corruption face 10 years in jail under new laws (take note Shell)

Britain’s international reputation took a battering two years ago when then-Prime Minister Tony Blair called off a Serious Fraud Office inquiry into BAE Systems’ multi-billion pound arms deal with Saudi Arabia.

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In BAE Probe, U.S. Steps In Where Brits Fear to Tread (the corruption scandal in which Shell played a key role)

The BAE case is four years long, with a complicated history. But it springs from some fairly simple acts: In order to secure a lucrative arms contract, BAE allegedly paid off several Saudi officials, including Prince Bandar bin Sultan bin Abdul Aziz Al Saud. The payments allegedly totaled some $2 billion over nearly two decades.

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Expanding multi-country investigation into suspected bribery by BAE Systems to win arms deals

The arrests – which came after raids last month on a number of properties in Britain, Hungary and Austria – highlight the wide range of active probes still facing BAE in the aftermath of the scrapped investigation into its Saudi Arabian arms deals.

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OECD ANTI-CORRUPTION REPORT ON UK

British business was branded yesterday with an unprecedented corruption health warning by leading industrialised nations. They were angered by London’s dropping of an inquiry into BAE Systems’ Saudi Arabian arms deals and its failure to pursue other cases of suspected foreign bribery.

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Corrupt to the core *(Shell played a key role in the BAE affair)

The then prime minister, Tony Blair, aided and abetted by a compliant attorney general, personally intervened to stop a criminal investigation into BAE, on the grounds it was upsetting the company, and upsetting the Saudi royal family, who had received many hundreds of millions of pounds in secret payments.

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‘Abysmal’ Bribery Laws Shamed *(take note Shell)

The report is expected to attack the UK’s record in prosecuting companies and individuals who have paid bribes to foreign public officials.

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UK slammed for ‘bribery’ inaction *(take note Shell)

The OECD, the only international body enforcing anti-bribery accords, launched a review of UK anti-bribery measures in the wake of the decision of the Serious Fraud Office in 2006 to drop an investigation into BAE Systems over an arms deal with Saudi Arabia.

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Warning over UK’s overseas bribes culture *(take note Shell)

The action highlights the rising cost of London’s failure to bring bribery prosecutions against its multinationals when other European countries and the US are pursuing their companies.

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Prince Andrews office office confirms sale of house for £15m (inclusive of alleged £3m gift/payment/bribe?)

The Kazakh president, Nursultan Nazarbayev, is the other patron of an organisation whose sponsors include Shell…

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