OECD anti bribery panel to probe why SFO investigation was halted
"Last night, the Liberal Democrat leader, Menzies Campbell, demanded to know the role of the attorney general in concealing from the OECD the payments of more than £1bn from BAE to Prince Bandar as part of the al-Yamamah contract.
The money was paid from an account at the Bank of England into accounts in Washington controlled by Prince Bandar. Details of the transfers were discovered by the Serious Fraud Office during the marathon investigation into BAE.
However, the SFO inquiry was suddenly halted late last year. Al-Yamamah, Britain's biggest ever arms deal, which was signed in 1985, involves the sale of Tornado fighter jets and Hawk aircraft.
The Guardian has this week published accusations that £30m a quarter - for at least 10 years - was paid into accounts controlled by Prince Bandar at the Riggs bank in Washington."
Labels: OECD bribery SFO BAE
