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BAE Systems under Investigation in the UK for Allegedly Paying Bribes in Romania


In the UK in February 2007, Mike O'Brien the Solicitor General confirmed earlier reports that BAE was under investigation for corruption in relation to sales to Romania.

In June 2006, the Guardian newspaper reported that anti-corruption investigators had found an estimated £20,000 in Euros at the home of the BAE agent responsible for the sale of two British frigates to Romania in 2003 and that it was "alleged that BAE paid £7m in secret "commissions" offshore to unknown recipients, and was then handed £116m by the Romanian government to refurbish the ships".

According to the Guardian, the Romanian governments borrowed from Deutsche Bank to finance the BAE deal, with British government backing from the Export Credit Guarantee Department (ECGD).


References
The Guardian  [Publication date: 7/2/2010] 'BAE chiefs 'linked to bribes conspiracy'' by David Leigh, Rob Evans
   http://www.guardian.co.uk/world/2010/feb/07/bae-chiefs-linked-bribes-conspiracy
   /print

[ Date URL accessed: 8/2/2010 ]

FrontLine World - the Business of Bribes  [Publication date: 5/2/2010] 'BAE Will Pay $450 Million to Settle Long-Running Bribery Case' by Jackie Bennion
   http://www.pbs.org/frontlineworld/stories/bribe/2010/02/bae-to-pay-more-than-40
   0-million-in-us-and-uk-fines.html

[ Date URL accessed: 8/2/2010 ]

Reuters  [Publication date: 24/9/2009] 'BAE has 6 days to settle UK bribery case - sources' by Paul Sandle, Grant McCool
   http://www.reuters.com/article/marketsNews/idUSN2428181720090924
[ Date URL accessed: 27/9/2009 ]

Africa Confidential  [Publication date: 1/8/2008] 'Arms and the men'
   http://www.africa-confidential.com/article/id/2723/Arms-and-the-men
[ Date URL accessed: 10/8/2008 ]

Financial Times  [Publication date: 31/7/2008] 'Payments form part of opaque dealings' by Michael Peel, Christopher Thompson
   http://www.ft.com/cms/s/0/89affeca-5f1e-11dd-91c0-000077b07658.html
[ Date URL accessed: 10/8/2008 ]

The Independent  [Publication date: 8/5/2008] 'BAE seeks review of corruption inquiries' by Danny Fortson
   http://www.independent.co.uk/news/business/news/bae-seeks-review-of-corruption-
   inquiries-822847.html

[ Date URL accessed: 9/5/2008 ]

The Guardian  [Publication date: 11/4/2008] 'New BAE investigation doomed to failure, claims chairman' by David Leigh, Terry Macalister
   http://www.guardian.co.uk/business/2008/may/08/baesystemsbusiness?gusrc=rss&fee
   d=worldnews

[ Date URL accessed: 12/5/2008 ]

Financial Times  [Publication date: 10/4/2008] 'Ever-lengthening list of corruption investigations' by Michael Peel
   http://us.ft.com/ftgateway/superpage.ft?news_id=fto041020082118338250
[ Date URL accessed: 28/4/2008 ]

Telegraph.co.uk  [Publication date: 2/3/2008] 'BAE corruption probe turns to commissions' by Helen Power
   http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/02/cnbae102.xml
[ Date URL accessed: 3/3/2008 ]

Financial Times  [Publication date: 29/1/2008] 'Tally of SFO cases abroad beats forecasts' by Michael Peel
   http://www.ft.com/cms/s/0/e0f97eee-ce0b-11dc-9e4e-000077b07658.html
[ Date URL accessed: 31/1/2008 ]

Times Online  [Publication date: 9/12/2007] 'BAE chiefs face renewed corruption inquiry' by David Leppard
   http://www.timesonline.co.uk/tol/news/uk/crime/article3022314.ece
[ Date URL accessed: 10/12/2007 ]

Financial Times  [Publication date: 20/9/2007] 'BAE in spotlight over Tanzania radar deal' by Tom Burgis
   http://www.ft.com/cms/s/0/8e38f7aa-67b0-11dc-8906-0000779fd2ac.html
[ Date URL accessed: 21/9/2007 ]

Sunday Telegraph  [Publication date: 5/7/2007] 'Fraud Office to quiz staff at BAE Systems' by Helen Power
   http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/01/cnbae101.xml
[ Date URL accessed: 9/7/2007 ]

Reuters  [Publication date: 1/7/2007] 'UK's Fraud Office to question BAE executives-paper'
   http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews&
   storyID=2007-07-01T144555Z_01_L01557747_RTRIDST_0_BAE-INVESTIGATION.XML

[ Date URL accessed: 9/7/2007 ]

International Relations and Security Network  [Publication date: 9/5/2007] 'UK corruption 'cover-up' concerns OECD' by Lawrence J Speer
   http://www.isn.ethz.ch/news/sw/details.cfm?id=17592
[ Date URL accessed: 13/5/2007 ]

Forbes  [Publication date: 7/2/2007] 'BAE Systems Comes Under Fresh Scrutiny' by Chris Noon
   http://www.forbes.com/markets/2007/02/07/bae-systems-sfo-markets-equity-cx_cn_0
   207markets05.html

[ Date URL accessed: 14/2/2007 ]

BBCNews  [Publication date: 7/2/2007] 'BAE in several corruption probes'
   http://news.bbc.co.uk/1/hi/business/6339625.stm
[ Date URL accessed: 9/2/2007 ]

The Guardian  [Publication date: 13/6/2006] 'We paid three times too much for UK frigates, Romania says' by David Leigh, Rob Evans
   http://www.guardian.co.uk/armstrade/story/0,,1796377,00.html
[ Date URL accessed: 13/6/2006 ]

The Guardian  [Publication date: 9/6/2006] '£20,000 seized at home of man in BAE corruption inquiry' by David Leigh, Rob Evans
   http://business.guardian.co.uk/story/0,,1793631,00.html#article_continue
[ Date URL accessed: 10/6/2006 ]

'The Business of Bribes: An Investigation into International Bribery'
   http://www.pbs.org/frontlineworld/stories/bribe/
[ Date URL accessed: 26/3/2009 ]

'Guardian BAE Files'
   http://www.guardian.co.uk/baefiles/
[ Date URL accessed: 24/7/2007 ]


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