-Caveat Lector-
Begin forwarded message:
From: [EMAIL PROTECTED]
Date: June 16, 2007 4:42:30 PM PDT
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED]
Subject: If The Saudis Are So Rich ... ?
BAE 'paid Saudi prince £1bn in secret'
By Sadie Gray
The Independent (UK), June 07, 2007
http://news.independent.co.uk/uk/crime/article2621974.ece
British arms company BAE Systems secretly paid [the Saudi
ambassador to the US] more than £1bn over a period of more than 10
years, an investigation has revealed.
Prince Bandar bin Sultan received the money with the full knowledge
of the Ministry of Defence, according to the BBC's Panorama
programme. BAE sent up to £120m a year to two Saudi embassy
accounts which the BBC says were a "conduit" to Prince Bandar.
The prince, who was the Saudi ambassador to the US for 20 years,
was the architect of the Al Yamamah deal to sell military aircraft
to Saudi Arabia. The deal, worth £43bn, was signed in 1985.
David Caruso, an investigator who worked for the American bank
which held the accounts, told the BBC: "There was no distinction
between the official government accounts and the accounts of the
royal family."
The payments were listed on the arms deal contract as "support
services," and were authorised every quarter by the MoD. The
Serious Fraud Office discovered the payments during an
investigation into the Al Yamamah deal which was halted after a
review by [Tony Blair's] attorney general, Lord Goldsmith, who said
it was in Britain's national interest to drop the investigation.
Prince Bandar and the MoD declined to comment on the matter, and
BAE said that the company acted lawfully at all times.
See what's free at AOL.com.
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