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BAE chief held in corruption probe

Mike Turner, chief executive of BAE Systems, was last week detained by US authorities investigating corruption allegations involving arms sales to Saudi Arabia.

Mr Turner and another senior BAE executive were detained and issued with additional subpoenas by officials from the US Department of Justice on their way through Houston airport last Monday. The pair were kept for about half an hour and had documents, as well as personal electronic equipment, examined.

The DoJ acted as part of its investigation into the £43bn al-Yamamah arms deal under which Saudi Arabia bought aircraft and other defence equipment from Britain. The DoJ said last June that it was launching a probe to see if BAE's business deals "concerning the Kingdom of Saudi Arabia" complied with anti-corruption laws. There have been persistent allegations that bribery was involved in the contract, with stories of slush funds used to entertain Saudi officials and royalty. BAE has always denied any wrongdoing.

(Note: title helpfully provide for pundits that would otherwise be hard-pressed to find the proper spin on that bit of news)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun May 18th, 2008 at 01:38:03 PM EST
To guantanamo with them. And Mark Thatcher as well.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun May 18th, 2008 at 01:46:38 PM EST
[ Parent ]
It's not that I'm a fan of BAe.

But I can't help noticing that the US thinks it has jurisdiction over a sale of British arms to Saudi Arabia.

Maybe it's the sort of thing that should be left to the...cough...ICC?

by Sassafras on Sun May 18th, 2008 at 02:05:28 PM EST
[ Parent ]
BAe operate in the US as well. It's just an attempt to hobble a non-US competitor in a lucrative market.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Sun May 18th, 2008 at 02:49:49 PM EST
[ Parent ]
Wouldn't it be satisfying to see someone from Halliburton being arrested at CDG though?
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun May 18th, 2008 at 06:51:52 PM EST
[ Parent ]
A former Chairman and CEO?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun May 18th, 2008 at 08:30:54 PM EST
[ Parent ]


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