IT should not surprise us that the arms industry and corruption go hand in hand. That is why we should doubt any politician who tells us that the…
IT should not surprise us that the arms industry and corruption go hand in hand. That is why we should doubt any politician who tells us that the export of weapons that kill people is somehow “regulated” or “subject to strict controls”.
The value of these contracts remains speculative but Mike Turner, then the company chief executive, said back in 2005 that BAE and its shareholders had pocketed around £43 billion from the deal – with another £40bn on the way. Result: BAE upped the price of the planes it was flogging to the Saudis. Not that the Saudi middlemen cared, because they got a cut.
No worries! The British government agreed that any shortfall would be subsidised by the UK export guarantee scheme. In other words, you, the British taxpayer, were the fall guy. “BAE also encouraged certain of its advisers to establish their own offshore shell entities to receive payments while disguising the origins and recipients of such payments.”
According to one Guardian report, SFO investigators were told that the loss of “British lives on British streets” would be on their heads if it carried on with its inquiries.
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