16 October 2008

Corruption Investigation Snares Brits

A forthcoming report has a few unflattering things to say about British contractors and their government oversight of their contracts:
The report, by the Organisation for Economic Co-operation and Development (OECD), is thought likely to attack Britain's record on prosecuting companies and individuals who have allegedly paid bribes to foreign officials in order to secure contracts.
The OECD's anti-bribery working group began its review following the Serious Fraud Office's decision in 2006 to end its investigation into BAE's Al Yamamah contract with Saudi Arabia. Earlier this year the Law Lords rules that the SFO acted lawfully in stopping the probe on national security grounds.

It's not that they're the only ones bribing Middle Eastern officials for arms deals. They're just the only ones that got caught.

By: Brant

No comments: