BAE Systems handed $400m fine

Discussion in 'SitRep' started by Colin1, Mar 2, 2010.

  1. Colin1

    Colin1 Active Member

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  2. FLYBOYJ

    FLYBOYJ "THE GREAT GAZOO"
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    I used to work for them - it doesn't give specifics or what divisions were involed.
     
  3. Butters

    Butters Member

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    #3 Butters, Mar 2, 2010
    Last edited: Mar 2, 2010
    BBC reported that a week ago at least. It's basically a $400 million pay-off to keep BAE top brass out of the slammer. Can't remember how much they paid to the UK gov ($250 mill?)

    BTW, the Typhoon looks really nice in Saudi markings, doncha think?

    JL
     
  4. vikingBerserker

    vikingBerserker Well-Known Member

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    Wow, would love to know more details.
     
  5. Colin1

    Colin1 Active Member

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    Not found anything yet, but the article seems to absolve the US side of the corporation from any wrong-doing. I did a couple of years as the on-site Customer at the Filton plant but I've no way of knowing it was even them.
     
  6. Butters

    Butters Member

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  7. Colin1

    Colin1 Active Member

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    So which departments or divisions were involved?
     
  8. Butters

    Butters Member

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    #8 Butters, Mar 2, 2010
    Last edited: Mar 2, 2010
    I'm not sure, but it sounds like it's corporate HQ stuff. It involves Tanzanian airport systems, fighters and other defence materiel for10's of billions of oil dollars funneled thru some kind'a Saudi shadow company ( 'Al yamahahahaha' or something like that...). Fun and profits for the whole family...

    Try a Google search for BAE bribery scandal.

    JL
     
  9. Butters

    Butters Member

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    #9 Butters, Mar 3, 2010
    Last edited: Mar 3, 2010
    Here's a report with a little more meat in it:

    BAE Systems Ordered to Pay $400 Million Criminal Fine in the U.S.

    I esp like this little nugget toward the end...

    " In one specific instance, BAES caused the filing of false applications for export licenses for Gripen fighter jets to the Czech Republic and Hungary by failing to tell the export license applicant or the State Department of £19 million BAES paid to an intermediary with the high probability that it would be used to influence that tender process to favor BAES."

    No wonder those Tiffies have a 'high probability' of costing so much :lol:

    JL
     
  10. krieghund

    krieghund Member

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    #10 krieghund, Mar 15, 2010
    Last edited: Mar 15, 2010
    Guess where I've been working for the last 18 years....So the RSAF buys the typhoon for 20b sterling for 72 aircraft (aka money buckets) no AESA radar and the neighbors, UAE, buy 80 Block 60s for 7B US with AESA

    I work for the wrong company

    Actually BAE are hard to distinguish from english speaking frenchmen!!!!!
     
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