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BAE-Bandar blues

Filed in archive corporate crime by leon on February 12, 2008

prince.jpeg

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 (.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 ranchlinks, 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
Tags: Prince  Bandar  BAE  2007  bandar  bandar+blues  prince+bandar  yours+here 

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