FBI probes EADS unit over Saudi deal - report

  • Share via facebook
  • Tweet this
  • Bookmark and Share

The US Federal Bureau of Investigation (FBI) is looking into allegations that a unit of European defence giant EADS made improper payments regarding a deal with the Saudi National Guard, it was reported.

According to London’s Financial Times, US authorities are considering investigating whether GPT Special Management Systems, a UK-based subsidiary of EADS that sells communications equipment, bribed Saudi officials with luxury cars and GBP£11m in payments.

The UK’s Serious Fraud Office (SFO) is already investigating the claims and the FT reported that the FBI was already in possession of documents and witness statements related to the allegations.

The US interest in the case stems from a claim that GPT, which sells equipment via the UK’s Ministry of Defence, made improper payments to the Saudis via accounts under US jurisdiction.

A spokesperson for EADS told the FT that it had not been contacted by the FBI or any other US agency in relation to GPT.

A separate investigation by the UK in 2006 into whether British-based contractor BAE Systems bribed Saudi officials to win a GBP£43bn fighter jet deal was shuttered by then Prime Minister Tony Blair, who cited economic and diplomatic interests.

Suspicions over potential wrongdoing by GPT in the EADS-Saudi National Guard case were said to have been raised by a senior executive within the company over a period of several years.

That employee reportedly fled Saudi Arabia in 2011, before passing on emails and documents to Britain’s SFO.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Nezaud

What is new ?? The story of our life. Unfortunately, our SANG & MOD, and Cilvil Aviation are full of wrong doing from top to bottom. Personally, I believe it will not lead to any thing. Tony Blair said it best " Economic $ Political interests ".

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
End of Gaza war doesn't translate into peace

End of Gaza war doesn't translate into peace

A week after the guns fell silent in the Gaza war, Israel and...

Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Q&A with Dubai Chamber

Q&A with Dubai Chamber

We spoke with Essa Al Zaabi of Dubai Chamber of Commerce to find...

Most Discussed