Filed in archive
corporate crime
by leon on February 12, 2008
Prince Bandar of Saudi Arabia, the former Saudi ambassador to the US, has been one of the key figures in the BAE-Saudi bribery scandal. One of the biggest allegations was that Britain's Ministry of Defense knew of and approved bribes of more than £1 billion ($US1.95 billion) from arms manufacturer BAE Systems to Prince Bandar of Saudi Arabia over the Al Yamamah arms deal. Basically, the claim is that Bandar received secret payments for over a decade for negotiating the deal.
As expected, Bandar has denied the allegations.
But now the heat is on him with The Times reporting of a court order freezing some of his US assets, as part of a class-action lawsuit over the bribery allegations. Those assets include Hala ranch, in Pitkin County, Aspen, Colorado valued at $135 million.
Bandar has close relationships with President Bush and vice president Dick Cheney.
This scandal runs deep.
Permalink: BAE-Bandar blues
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/113244
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for BAE-Bandar blues:
|
Rating: 7.25 out of 4 vote(s) cast.
|
Response from:
Prince Bandar, the former Saudi ambassador to the US, has been one of the key figures in the BAE-Saudi bribery scandal. Now the heat is on him with a court order freezing some of his US assets, as part of a class-action lawsuit over the bribery allegat...
Response from:
Corporate Vigilance
Welcome to the February 24, 2008 edition of Corporate Vigilance presenting an array of opinions, instruction, and helpful information as it relates to business.
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
