Tuesday, May 08, 2007

BAE closely examined by US in the alleged bribery of Saudi officials case

FINANCIAL TIMES: Congress is stepping up its scrutiny of the UK government’s move to halt a bribery investigation into BAE as the British company increases its US profile with the $4.1bn purchase of Armor Holdings.

The deal – for the biggest maker of armour for Humvee transport vehicles – cements BAE’s status as the Pentagon’s largest foreign contractor.

Washington issued a formal protest in January after the UK Serious Fraud Office prematurely terminated an investigation into allegations that BAE might have bribed officials in Saudi Arabia to secure defence contracts. US steps up scrutiny of BAE case (Read on)

Mark Alexander