BAE denies paying Saudi prince more than one billion pounds
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Defence firm BAE Systems has strenuously denied a report that it secretly paid a Saudi Arabian prince more than one billion pounds in connection with Britain&#39;s biggest weapons deal.
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Saudi Arabia has given Britain 10 days to stop an investigation into allegations of corruption by members of the kingdom's royal family or it will cancel its multi-billion pound deal for British fighter jets, The Daily Telegraph reported.
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Prince Bandar bin Sultan, a member of Saudi Arabia's royal family and the kingdom's former ambassador to the United States, pocketed about $2 billion in secret payments as part of an $80 billion arms deal between Britain and Saudi Arabia first signed in 1985, British media reported yesterday.
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Britain&#39;s defence giant BAE bought Saudi Prince Bandar bin Sultan an Airbus plane under a multi-billion pound arms deal and is still paying the costs of flying it, the Guardian newspaper said Friday.
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Guardian investigation: The government was last night fighting to contain the fallout over Â£1bn in payments to a Saudi prince as the attorney general came under renewed pressure to explain how much he knew about the affair.
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Secret payments worth millions of pounds (euros/dollars) from British defence group BAE Systems have been found in the Swiss bank accounts of Syrian-born Saudi arms dealer Wafic Said, a report said.
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British defence firm BAE Systems secretly paid 250,000 pounds for the daughter of a Saudi prince at the centre of bribery allegations to go on a luxury honeymoon, The Sunday Times newspaper reported.
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WASHINGTON, Jun 27 (IPS) - The U.S. Justice Department is investigating  allegations of bribery by the British defence contractor BAE  Systems to Prince Bandar Bin Sultan, a high-ranking member of the  Saudi royal family with wide contacts and relations here.
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The Prince of Wales's top aide on Sunday rejected claims made in a soon-to-be-aired documentary that the heir to the throne abused his position by &quot;meddling&quot; in domestic political affairs.
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BAE Systems Plc, Europe&#39;s biggest weapons maker, said profit from its largest contract, the Al Yamamah arms program, will decline in 2005 as more of the work is carried out in Saudi Arabia.
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Rumours of Mervyn King's resignation are denied after Â£10bn U-turn on money markets.
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Defence firm BAE Systems sees a sharp rise in profits after strong US growth, but makes no comment on corruption probes.
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Prince Bandar bin Sultan -- at the centre of media reports that he received a huge commission for a multi-billion-dollar arms deal -- insists all the funds went to the Saudi government.
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UK Attorney General Lord Goldsmith on Friday denied media reports that he ordered investigators to conceal payments from an international anti-bribery watchdog agency.
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Defence firm BAE Systems will next week clinch a 20-billion-pound deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia, a report said Friday.
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The US Department of Justice has launched an inquiry into arms manufacturer BAE Systems&#39; compliance with anti-corruption laws, including those regarding lucrative Saudi contracts, BAE revealed on Tuesday.
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Defence group BAE Systems  fears Saudi Arabia is delaying talks to buy 72 Eurofighter aircraft.