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(Defense Contractor) BAE included in SFO (Serious Fraud Office) investigation

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Tab Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-17-04 10:23 PM
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(Defense Contractor) BAE included in SFO (Serious Fraud Office) investigation
You know, I don't know if the allegations are true or not, but it's so depressing that I come on for 10 minutes maybe twice a day and there's all this crap of corruption allegations and illegality that's so easily dredged up. You'd want to think this crap would be harder to find. (sigh)
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BAE Systems said on Wednesday it has found out that it is being investigated by the UK's Serious Fraud Office.

The SFO is looking at contracts between BAE and travel agents Robert Lee International and Travellers World in connection with Saudi government deals.

The defence giant had previously issued a statement saying it did not believe it was part of the inquiry.

"BAE has today learned that it is now included in the investigation by the SFO," the company said.

"BAE Systems welcomes the SFO's investigation believing that it will put these matters to rest once and for all."

In a 3 November statement, BAE suggested it may have been the victim of a fraud.
http://news.bbc.co.uk/1/hi/business/4020905.stm
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