Whole Network Accounting Compliance Ethics executive pay SOX strategy

 

BAE paid for luxury honeymoon

Filed in archive corporate crime by leon on June 21, 2007

barrier.jpg
The BAE bribery scandal gets murkier and murkier with revelations that the arms merchant secretly paid nearly £250,000 ($US498,00) for a honeymoon for the daughter of Prince Bandar, the Saudi Arabian prince who is right in the middle of these allegations.

The payments allowed the happy couple to spend six weeks in luxury resorts in Singapore, Malaysia, Bali, Hawaii and Australia, including a private jet trip to the great barrier reeflinks.

The revelations coincide with reports that the Organisation for Economic Co-Operation and Development will be pressing the British Government to explain why it covered up the payments.

The big question is what happens with British PM Tony Blair handing over power to Gordon Brown. The Times reports that Brown wants to have a complete clean out and dissociate himself from the grubby scandals of the Blair era.

But whatever he does, this one will not go away. What's needed is an open and transparent inquiry.






Permalink: BAE paid for luxury honeymoon
Tags: BAE    bribery  Saudi  Arabia  Prince  Bandar  honeymoon  corporate  paid+luxury 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/76791





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy