As WMR first reported, BAE Systems of the UK is now being investigated for payments to South African officials in return for defense contracts.
Two former Saudi ambassadors to the U.S. -- Prince Bandar and Prince Turki -- now involved in British and U.S. investigation of alleged illegal bribes paid by BAE. Investigation also expanding to Chile, Romania, Czech Republic, Tanzania, Argentina, the British Virgin Islands, and Qatar. In 2005, BAE acquired United Defense Industries from the Carlyle Group. BAE is also completing the acquisition of Armor Holdings, the company that manufactures the up-armored Humvees used by U.S. forces in Iraq. The BAE story is yet another scandal that involves the Bush family and their cronies on both sides of the Atlantic.
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