Thursday, June 7, 2007

BAE accused of secretly paying £1bn to Saudi prince

· Money moved via US bank
· £30m payments a quarter
· Sanctioned by MoD

David Leigh and Rob Evans
Thursday June 7, 2007
The Guardian

"The arms company BAE secretly paid Prince Bandar of Saudi Arabia more than £1bn in connection with Britain's biggest ever weapons contract, it is alleged today. A series of payments from the British firm was allegedly channelled through a US bank in Washington to an account controlled by one of the most colourful members of the Saudi ruling clan, who spent 20 years as their ambassador in the US.

It is claimed that payments of £30m were paid to Prince Bandar every quarter for at least 10 years......"

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