British Arms Maker Pays Up
British defense giant BAE has agreed to pay the UK and U.S. governments almost $800 million in penalties after it finally admitted guilt in the face of long-running corruption allegations. The deal allows the company to avoid being placed on an international arms trade blacklist.
British defense giant BAE has agreed to pay the UK and U.S. governments almost $800 million in penalties after it finally admitted guilt in the face of long-running corruption allegations. The deal allows the company to avoid being placed on an international arms trade blacklist. –JCL
Rock Solid JournalismThe Guardian:
The arms giant BAE yesterday agreed to pay out almost £300m in penalties, as it finally admitted guilt over its worldwide conduct, in the face of long-running corruption investigations.
For 20 years, the firm refused to accept any wrongdoing, despite mounting evidence of alleged bribes and kickbacks, much of it uncovered by the Guardian.
But BAE yesterday said it would plead guilty to charges of false accounting and making misleading statements, in simultaneous settlement deals with the Serious Fraud Office in the UK and the department of justice in Washington.
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
The most recent manifestation of the urge to engage in an “arms race” will no doubt create more insecurity in an already unstable world.
A deep-seated denial about the colonial ideology undergirding gun rights in the U.S. has hampered the left's approach to arms control.
Since at least 2001, the Saudis and Israelis have successfully reframed American policy in the Greater Middle East, and the results have been disastrous.
The president's arms sales are meant to promote pork-barrel politics, while pumping up the profits of U.S. weapons manufacturers. As for human rights or human lives, who cares?
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.