It has been alleged that bribes were accepted by the Saudi royal family from military defence company GPT, a British subsidiary of EADS, in return for securing a £2 billion Saudi Arabian contract to provide communications and cyberwarfare capability. SFO officials allegedly traced payments from GPT into a Saudi royal’s bank account in Switzerland. The Attorney General is reportedly considering whether or not to intervene in the Serious Fraud Office’s investigation as a matter of public interest. This case mirrors a decision taken by the former Labour government, which blocked an SFO investigation into allegations that BAE Systems bribed in respect of a Saudi arms deal.
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Investigation into alleged £2 billion UK-Saudi contract may be blocked
- Dorsey & Whitney LLP
- Nicholas Burkill, Charlotte Gilbert, Nick Akerman, Joshua Colangelo-Bryan, Sumiko Soekawa and Thomas O. Gorman
- Saudi Arabia, United Kingdom
- October 20 2011
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