Saudis may pull out of Eurofighter contract over fraud probe: report
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Saudi Arabia reportedly may pull out of a contract to buy 72 new Eurofighter aircraft from British firm BAE Systems because of a row over an investigation into an alleged slush fund.
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Surplus Eurofighters could be dropped on high-living Saudis Analysis The long-smouldering debate around allegations of corrupt British arms deals with Saudi Arabia reignited yesterday, as both the Guardian and the Beeb published the results of new investigations.â¦
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Prince Bandar bin-Sultan was once Saudi Arabia's indispensable man in Washington. Now, Washington is investigating if he's part of an alleged arms-and-bribery operation
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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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Former prime minister Tony Blair raised fears over a probe into an alleged corrupt arms deal between Saudi Arabia and BAE Systems days before it was dropped, according to a letter released Friday.
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The British defence company at the centre of an abandoned corruption probe into a UK-Saudi Arabia weapons deals directly lobbied a key minister to drop the investigation, the Financial Times has reported.
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The Saudi defence ministry announced on Monday that it has signed a 4.43 billion pound (8.86 billion dollar) deal to buy 72 Eurofighter planes, in one of the largest ever British export orders.
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Federal investigators are examining allegations of criminal misconduct related to $6 billion worth of contracts for equipment and services needed in Iraq and Afghanistan, a senior Pentagon official said Thursday.
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The software maker has indicated it could abandon the hunt for PeopleSoft if it does not win support for a tender offer.
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Contract for 72 Eurofighter Typhoon aircraft likely to be much higher than published sum.
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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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The Serious Fraud Office is attacked for dropping a corruption probe into a defence deal with the Saudis.
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The alleged bribery scandal surrounding the German conglomerate Siemens may scupper a planned tie-up with Finnish telecommunications equipment maker Nokia, according to a German newspaper report.
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Sale of red roses and red gifts has been banned by Saudi Arabia's religious police in the run-up to Valentine's Day, reports a local newspaper
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Britain could lose contracts worth more than a billion pounds because of its failure to investigate the alleged involvement of British-based businessmen in a bungled coup in oil-rich Equitorial Guinea, The Times newspaper said.
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EUROPEâS biggest defence contractors will have the chance to bid for a $23 billion (Â£12 billion) air refuelling contract for the US Air Force that has been withdrawn from Boeing.
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Securities regulators are planning sanctions soon against a company that recently stopped selling high-fee mutual funds to military officers, people familiar with the situation said Friday. Some big fund companies say they may reconsider the so-called contractual plan funds.