Bae sentenced over payment records

cream.b · 2010-12-21T07:44:44+00:00

Defence giant BAE Systems is due to be sentenced for failing to keep proper records of payments to an adviser in the east African country of Tanzania. Payments totalling about 12.4 million US dollars (Â£7.7 million) were made to two companies controlled by Tanzania-based businessman Shailesh Vithlani between January 2000 and December 2005, Southwark Crown Court was told on Monday. The company believes that Mr Vithlani was probably given the money for helping it win a contract to provide a radar system at Dar-es-Salaam international airport, the court heard. Some payments were through a company controlled by BAE plc, called Red Diamond, which was registered in the British Virgin Islands, Victor Temple QC, prosecuting for the Serious Fraud Office (SFO) said. Read more: Express.co.uk - Home of the Daily and Sunday Express | World News :: BAE sentenced over payment records

Thread starter cream.b
Start date Dec 21, 2010

cream.b

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Dec 21, 2010

Gad ONEYA

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Dec 21, 2010

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