Thursday, June 7, 2007

BAE accused of paying Saudi prince £1 billion in arms deal scandal

from AFX News Limited

Payments of up to £120 million per year were channeled into two Saudi embassy bank accounts in the US, and were made with the full knowledge of the Ministry of Defence, the report added. Prince Bandar served as Saudi ambassador to the US for 20 years, and was the architect of the £43 billion Al Yamamah deal in the 1980s to sell warplanes to Saudi Arabia.

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