Firm Agrees to Pay $15 Million in Fines – Balli Aviation Ltd., a subsidiary of the United Kingdom-based Balli Group PLC, pleaded guilty in the U.S. District Court for the District of Columbia to a two-count criminal information in connection with its illegal export of commercial Boeing 747 aircraft from the United States to Iran. […]

The biggest probe into BAE focused on a £43bn contract to supply more than 100 fighter jets to Saudi Arabia. The deal began in 1985 but a National Audit Office investigation was suppressed in 1992. The SFO launched an investigation in 2004 into the allegations – including claims BAE was running a “slush fund” that […]

BAE Systems is to pay a fine of $400m (£250m) after pleading guilty to conspiring to make false statements to the US government in connection with international arms deals. The UK’s largest defence group will also pay a penalty of £30m after reaching agreement with the UK Serious Fraud Office to plead guilty to breach […]

SFO withdraws proceedings against Count Alfons Mensdorff-Pouilly – Following our announcement today about the global agreement between the SFO, the US Department of Justice and BAE Systems plc, the Director of the Serious Fraud Office has considered the position in relation to individuals. The Director has taken into account that the company has agreed to […]

Keeping foreign corruption out of the United States: four case histories – A report released by the United States Senate, permanent subcommittee on investigations Committee on Homeland Security and Governmental Affairs in conjunction with the Permanent subcommittee on investigations – February 4, 2010 hearing. This Report examines how politically powerful foreign officials, their relatives, and […]

FSA announces arrest of three men in investigation into suspected insider dealing – On 29 January 2010, the FSA published a press release announcing that three men were arrested on 28 January 2010 in connection with an FSA investigation into suspected insider dealing. According to the press release, search warrants were executed at four addresses […]

Austrian count charged over BAE ‘bribery’ – An Austrian count became the first person to be charged in the BAE bribery investigations. Count Alfons Mensdorff-Pouilly, a former agent for the British weapons giant, appeared before Highbury Corner magistrates’ court to be charged with offering bribes in order to win defence contracts in central and eastern […]

Three men have been arrested in connection with an FSA investigation into insider dealing. The men, all aged 38, were arrested and interviewed yesterday before being released on police bail. No further details have been revealed by the regulator, though it is known search warrants were executed at four London addresses as part of the […]