SFO looking for talks with BAE Systems
The Serious Fraud Office has this evening offered to talk with BAE Systems regarding bribery allegations in a last ditch attempt to avoid what could be a very embarrassing court case for all players involved. As we mentioned last become, BAE Systems is being taken to court by the Serious Fraud Office (SFO) years after allegations of bribery and corruption materialised in the Middle East.
Despite the fact that the UK government has until now rejected calls for an independent report to be released to the public it would appear that Gordon Brown has given the SFO the go-ahead to take legal action. However, for those who have been following the case, which involves a major UK defence company, there were allegations of political intervention after the initial investigation was closed-down, the contents of which were never revealed.
BAE Systems has apparently indicated it is willing to settle any potential fines instigated by the SFO although the company is not prepared to admit guilt. In what would be a win-win situation for all involved, an around the table chat which saw BAE Systems publicly censored by the regulator would appear to be the best course of action. However, this is the UK government we are talking about!
Share this..
Related stories
Is It Safe To Use Your Credit Card?
News that those behind the TK Maxx fraud, which saw over 40 million customer bank details put at risk, have been apprehended has given many retailers in the UK a shock and seen many run to check how safe their systems are! But is it still safe to use your credit card on the high street and over the telephone?
The truth is that no system is fool proof and every network will have it w...
Poll question result- Do we feel it’s important to have a Will?
15/08/2014 Over the past couple of months on Financialadvice.co.uk we ran a poll asking all our visitors if the felt it was important to have a Will. According to other external survey’s more than two thirds of people in the UK still don’t actually have a Will- so does that mean we just don’t see them as important? Results from our recent poll showed that 56.3% of voters believed having...
Read MoreIt is time to review your credit card arrangements?
Even though UK base rates are currently standing at 1% and set to fall as low as 0.5% later today how is it that the vast majority of credit card interest rates are still very much into double digits?
While the government has highlighted the mortgage arena and the need to encourage new credit flows in the UK, the credit card industry appears to have escaped unscathed as yet. This is...
Persimmon Calls For Government Assistance NOW
Persimmon is the latest house builder to call on the government to intervene in the mortgage market as soon as possible after announcing pre-tax profits which were down two thirds on the same period last year. But what can the industry expect from the authorities?
As we have covered on this site over the last few months the UK government seemed to be on the verge of announcing a nu...
Sellafield joins the wildcat strikes
As predicted, a number of new wildcat strikes have emerged today in response to the government's firm approach to the problem of foreign workers in the UK. Gordon Brown and Lord Mandelson stand accused of a heavy-handed approach to the problem at the weekend when they gave no hope or support to the reunions or employees of the UK. There are concerns that the thousands of UK workers now on picket l...
Read More