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Vol 52 No 21

Published 21st October 2011


BAE Systems’ fine dilemma

Confusion still surrounds British arms company BAE Systems’ failure to make its promised ex-gratia payment of £29.5 million (US$45.6 mn.) to Tanzania, as part of a global settlement in 2010 ending several corruption investigations into the company by Britain’s Serious Fraud Office. Initially, BAE had insisted that it would manage the disbursement of the money, without Tanzania’s direct involvement. Britain’s Department for International Development (DfID), the SFO and Tanzanian officials opposed that. A British member of parliament accused BAE of attempting a public relations exercise.

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