Wednesday, June 13, 2007

Let's See Where This Leads...

The US Department of Justice is now virtually certain to open an investigation into BAE under the Foreign Corrupt Practices Act.

This would cover the alleged £1bn arms deal payments to Prince Bandar of Saudi Arabia, well-placed sources say.

Washington-based sources familiar with the thinking of senior officials at the DoJ, said today it is "99% certain" that a criminal inquiry will be opened.

Such an investigation would have potentially seismic consequences for BAE, which is trying to take over US arms companies and turn the Pentagon into its biggest customer.

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