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2 October 2009

Government must not be soft on BAE

Speaking after the announcement that the Serious Fraud Office (SFO) will seek permission from the Attorney General to prosecute BAE, Mr Barrett said:

“The Government needs to be committed to the full prosecution of BAE Systems and ensure that a lesser settlement is not reached out of court.

“The allegations of bribery, especially in developing countries where officials were given kickbacks for projects that were not needed, are gravely serious and need to be addressed.

“The potential fine of £500 million that the SFO is seeking is barely even a sixth of the more than £2.9 billion of cost overruns by BAE procurement projects over the past 6 years.

“I am asking for assurances from the Government that despite a potential conflict of interest in going to trial, they will not be looking to meet behind the scenes for a settlement without trial.

“It is about time that the truth comes out about the dodgy procurement projects in South Africa, Tanzania, Saudi Arabia, and many others that have earned BAE billions of pounds yet left these already struggling countries with expensive white elephants.”

 

Notes

The £2.9 billion figure comes from Defence Select committee reports of £700 million overrun for Nimrod project, £1.2 billion overrun for the Astute submarines, and the £1 billion overrun of the 6 Daring type 45 destroyers.

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This website was established while I was a Member of Parliament. The site content is being kept online as a source of information, but all forms / email have been disabled.