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Is British Aerospace Industry still money laundering?

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Is British Aerospace Industry still money laundering? PostSat Sep 08, 2007 11:49 pm  Reply with quote  

http://afp.com

BAE to seal 20 billion pound Eurofighter deal with Saudi Arabia

1 day ago

LONDON (AFP) British defence firm BAE Systems will next week clinch a 20-billion-pound (29.5 billion euro, 40.4 billion dollar) deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia, a report said Friday.

"It is understood that the British government sent the Typhoon contract to King Abdullah two days ago," The Times newspaper wrote Friday.

"The king is expected to sign the contract next week, sealing one of the largest export orders ever won by the UK," it added.

A spokeswoman for BAE told the newspaper: "This is a government-to-government negotiation and we are unable to make any comment on it."

The Ministry of Defence said negotiations were continuing, according to The Times.

It had been feared that the deal would be scuppered because of a British investigation into allegations Saudi Arabia took bribes from BAE under a military-plane deal struck between Britain and the Middle East kingdom more than 20 years ago.

Britain's Serious Fraud Office last year investigated BAE Systems' 43-billion-pound Al-Yamamah deal in 1985, which provided Hawk and Tornado jets plus other military equipment to Saudi Arabia.

But the investigation was shelved by the British government last December in a move supported by the then prime minister Tony Blair amid concerns over Britain's national interests.

Despite this, the US Department of Justice in June launched its own investigation into BAE Systems amid allegations the British arms maker paid bribes to secure contracts in Saudi Arabia in the 1980s.

BAE Systems is alleged to have set up a 60-million-pound "slush fund" for members of the Saudi royal family to secure business, and made illegal payments to those involved in its deals. BAE strenuously denies the charges.
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