BAE Systems pays £280m fines for criminal offences
BAE Systems, the UK's biggest manufacturer and one of the world's most substantial defence companies, is pleading guilty to a charge of conspiring to make false statements to the US government, and will pay a fine of $400m (£250m).
Also, under a global settlement, it has reached agreement with the Serious Fraud Office to plead guilty to one charge of breaching its duty to keep accurate accounting records in respect of payments made to a former marketing adviser in Tanzania.
In relation to the British offence, the company will pay a penalty of £30m, some of which will be a fine, and some of which will be a charitable payment to Tanzania.
The last of the offences was committed in 2002. BAE has since reformed the way it conducts business.
However it is a serious embarrassment to BAE that it is pleading guilty to criminal charges in Britain and America.
The US fine, agreed with the Department of Justice, relates to undertakings it gave to the American government in 2000 and 2002 in relation to the probity of the way it conducts business.
It is understood that the Department of Justice concluded that BAE breached these undertakings in relation to payments and support services provided to an unnamed Saudi official, as part of the £40bn Al-Yamamah contract to supply military equipment to Saudi Arabia.
There was also an infringement of restrictions on the supply of sensitive US technology in deals to supply aircraft in Hungary and the Czech Republic.
Although the UK penalty is far less than Britain's Serious Fraud Office was seeking, it is thought to be a record for a criminal offence by a company in the UK.
The British charge stems from an £88m contract signed in 1999 to supply a radar system to Tanzania.
Although the fines will be seen by some as damaging to one of the UK's most significant companies, BAE's directors are relieved at what they see as a final settlement of a controversy that has dogged the company for years.
BAE has been advised by its lawyers that the fines are fair.
Nilitegemea Chenge awe rumande tangu jana
ReplyDeleteThere we are!
ReplyDeleteLet us wait and see what the government is goin g to say about this issue. I think everybody should agree with me that this scandal is clear and we are just waiting to see VITENDO and not to diverge from the reality!
WAZUNGU WATULIPE HELA YETU NA WA ACHANE NA SISI, MASWALA YA KUMCHUNGUZA BATA HAYAFAI KWA KUMFANYA KITOWEO, UNAFIKIRI SEREKARINI MAAMUZI HUFANYWA NA MTU MMOJA!!! WATU KIBAO WANA AMUA MAMBO YA KITAIFA SASA CHOKOCHOKO YA NINI, AMANI MUHIMU SANA TENA SANA,ILA CHA MSINGI TAYARI WAMEJIFUNZA, PESA YETU IJE SEREKARINI WALA ISIEDE KWENYE CHARITABLE SIJUI NINI!!! ITAPOTEA TENA KWENYE WARSHA NA MAKONGOMANO
ReplyDeleteALLOWANCE KIBAO ZA NINI, IENDE KWENYE BARABARA YA TABORA KIGOMA
DEAL ZIMA LA SAUDI ARABIA LILIANZA ENZI YA MAMA THATCHER YEYE BINAFSI ALIENDA SAUDI KUHAKIKISHA LINAFANIKIWA LILIKUWA NA THAMANI YA £20,000,000,000 AMBAZO NI SAWA KARIBU NA TSHS 4O,OO0,000,000,000. IS IT TSHS 40 TRILLION? SERIOUS FRAUD INVESTIGATION OFFICE YA HAPA UK ILITAKA KUFUATILIA HILO PAMOJA NA KESI YA TANZANIA, SAUDI ENZI YA TONY BLAIR WAKASEMA HAYA KAMA MNATAKA KUFUATILIA HILO BASI SISI TUTASITISHA KUWASAIDIENI KATIKA VITA YENU NA AL-GHAIDA BLAIR AKATIA VETO YAKE NA KUAMRISHA UCHUNGUZI USIENDELEE, AMRICA WAKASEMA KAMA NYINYI HAMTAENDELEA SISI TUTAENDELA KWA KUTUMIA SHERIA ZA INTERNATIONAL TRADE KWANI BALOZI WA WAKATI HUO WA AMERICA WA SAUDI ARABIA ALIKULA £1 000,000,000. BINAFSI TOKA KWA BAE HIZO NI SAWA NA TSHS 2,300,000,000,000 TSHS 2.3 TRILLION KWA MFUKO WA MTU BINAFSI, YOU HOW IS SERIOUS CORRUPTION IT IS AROUND THE GLOBAL! MZEE WA VISENTI NDO AKAAMBULIA VISENTI TU VYA CHAI £500,000. AMBAZO NI
ReplyDeleteTSHS 1,050,000,000. ATAKUNYWA CHAI HADI SIKU ANAENDA KABURINI. NINAAMINI HAWEZI KUPELEKWA MBELE YA SHERIA KWA VILE INAWEZEKANA NI WATU WENGI WALIHUSIKA AMBAO WAKO MADARAKANI AU WAMESTAAFU LAKINI NI HAI NA BADO WANA NGUVU KATIKA JAMII YETU, HIVYO HII KESI HAWEZI KUTOKEA KAMWE.
BAE System irudishe chenji yetu. Siyo Chenge. Bali chenji yetu. Rais JK alisema warudishe chenji yetu bwana. Warudishe.
ReplyDeletesasa naona haki imepatikana, viongozi wote waliosika na ununuzi wa rada lazima waende rupango.
ReplyDelete