BAE faces corruption inquiry in US
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Shares in arms firm plunge by nearly 9% after it reveals US justice department is investigating allegations of corruption in Saudi Arabia.
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Britain&#039;s BAE Systems  said on  Wednesday it planned to conduct an audit of Airbus Group to  help it decide whether to sell its 20 percent stake in the  European planemaker to its majority owner EADS .
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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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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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British government ministers are refusing to co-operate with an American corruption investigation into British defence manufacturer BAE Systems, The Guardian reported on Friday.
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US lawmakers asked the Securities and Exchange Commission on Thursday to investigate recent disclosures of improper mutual fund sales practices on military bases.
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British defence giant BAE Systems announced Friday the creation of an independent committee to evaluate the firm&#39;s business practices and ensure they abide by the highest ethical standards.
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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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Kickstart for kicked-into-touch BAE kickback probe? UK-headquartered BAE Systems faces the risk that a Serious Fraud Office investigation into its dealings - said to have been personally halted in 2006 by Tony Blair citing "national security" concerns - might be reopened.â¦
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U.S. and UK authorities have launched an  investigation into alleged cartel activity over passenger  ticket pricing by British Airways and other airlines, BA said  on Thursday.
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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 Serious Fraud Office's reputation for tackling corruption has been damaged by the BAE Systems arms deal controversy, its director admitted today.
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Teflon deathware colossus unable to escape own smell Brobdingnagian arms firm BAE Systems plc's recent run of luck may be coming to an end, as a flurry of bad-news revelations have emerged in recent days. The UK-headquartered multinational may soon be the focus of criminal charges in Tanzania; is the subject of a new American lawsuit; and US investigators continue to pursue the long-running Arabian corruption case which has dogged BAE for most of its history.â¦
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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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British and U.S. authorities are investigating alleged price-fixing in passenger fares and fuel surcharges by British Airways PLC and other airlines, the carrier said Thursday, and two senior executives have been placed on leave.
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BAE Systems is reported to be planning to set up an external ethics committee to look into its arms deals.
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NEW YORK, December 28  - The US Transportation Secretary, Norman Mineta, has ordered an investigation into US Airways (USG.