BAE Systems rocked by US anti-corruption probe
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The US Department of Justice on Tuesday launched an anti-corruption probe into BAE Systems amid allegations the British arms maker paid bribes to secure contracts in Saudi Arabia in the 1980s.
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OECD anti-bribery experts raised pressure on the government on Wednesday over its decision to scrap a corruption probe into dealings by defence group BAE Systems with the Saudi Arabian royal family.
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The attorney general said today that the Serious Fraud Office had withheld some details from the world's corruption watchdog of its inquiry into the BAE affair because of a fear of leaks.
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Defence firm BAE Systems faces corruption claims over its activities in six countries, ministers confirm.
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The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc  over the defense firm's compliance with anti-corruption laws, including its dealings with Saudi Arabia.
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The Serious Fraud Office is attacked for dropping a corruption probe into a defence deal with the Saudis.
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A corruption affair that has shaken  German industrial conglomerate Siemens AG (SIEGn.DE) has spread  to the United States with investigations by the U.S. Department  of Justice and Securities and Exchange Commission.
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The U.S. Department of Justice has launched an investigation of Britain's BAE Systems Plc over the defense firm's compliance with anti-corruption laws, including its dealings with Saudi Arabia.
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Pressure mounts on ministers to justify dropping the corruption inquiry into a BAE arms deal with Saudi Arabia.
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The former Saudi Arabian ambassador to the United States, Prince Bandar bin Sultan, may have received up to $2 billion in confidential payments from a British defense firm, BAE Systems, over a period of nearly 20 years, according to two British media reports.
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The US operations of BAE Systems have come under the spotlight amid a government probe and as it emerged Wednesday that a US senator has raised concerns about allegations the British arms group violated anti-bribery laws.
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LONDON -- BAE Systems PLC said Tuesday that the U.S. Department of Justice has begun an investigation of the company's dealings with Saudi Arabia.
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The Home Office confirms it has been asked to give legal assistance to the US investigation of BAE's past arms deals with Saudi Arabia.
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"It is absolutely untrue that I ordered investigators to conceal payments from the OECD. This is what The Guardian alleged. It is categorically denied"  The Attorney General, Lord Goldsmith, has denied ordering British investigators to conceal from the international anti-bribery watchdog more than 1 billion in secret payments allegedly made to a Saudi prince.The payments were allegedly received by Prince Bandar bin Sultan, the former Saudi ambassador to the United States, from BAE Systems for setting up the 40 billion Al Yamamah arms deal in the 1980s with the full knowledge of the Ministry of Defence.The Guardian reported that when the Organisation for Economic Co-operation and Development (OECD) - the world's anti-corruption watchdog - tried to look into the deal earlier this year, the details were not disclosed by British officials. Read more
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The inquiry in alleged bribes paid for Saudi contracts stands to cost the UK billions in lost deals, manufacturers warn the government.
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Prime Minister Tony Blair has come under fire after fraud investigators stopped a probe into a weapons deal with Saudi Arabia due to concerns it would damage Britain's national interests.
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A missile test costing more than $100 million has gone severely wrong in the United States long-running project for a so-called &quot;son of Star Wars&quot; missile defence system.