Monday, May 19, 2008

FCPA: Time to brush up on the old Arabic

From The Independent:

"BAE Systems admitted yesterday that American authorities investigating corruption claims over an arms deal with Saudi Arabia had issued a series of subpoenas to senior executives, as the investigation continues to gather pace. Two bosses of the defence giant were also detained after they landed at a Houston airport last week.

BAE released a statement which said: 'The Department of Justice last week served a number of additional subpoenas in the US on our employees as part of its ongoing investigation.'"

BAE, formerly British Aerospace, is no stranger to corruption, as evidenced by that cartoon above.

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