Difference between revisions of "Al-Yamamah arms deal"
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|wikipedia=https://en.wikipedia.org/wiki/Al-Yamamah_arms_deal | |wikipedia=https://en.wikipedia.org/wiki/Al-Yamamah_arms_deal | ||
|constitutes=fraud, arms deal | |constitutes=fraud, arms deal | ||
| + | |description=A multi billion dollar fraudulent arms deal set up under the government of Margaret Thatcher, involving a bunch of deep state actors. | ||
}} | }} | ||
It was reported in the British press and later confirmed by our reporting, that the British government took a 2 percent fee from the Al-Yamamah accounts, which amounts to close to $1.6 billion over the life of the 20-plus year contract. <ref>http://www.theguardian.com/world/2010/feb/05/bae-saudi-yamamah-deal-background</ref> | It was reported in the British press and later confirmed by our reporting, that the British government took a 2 percent fee from the Al-Yamamah accounts, which amounts to close to $1.6 billion over the life of the 20-plus year contract. <ref>http://www.theguardian.com/world/2010/feb/05/bae-saudi-yamamah-deal-background</ref> | ||
| − | == | + | ==Origins== |
| − | + | The deal appears to have been brokered by a range of [[deep state actors]], including [[Le Cercle]] member [[Jonathan Aitken]]. Also involved were [[Wafic Saïd]], [[Bandar bin Sultan]] | |
| − | ==Investigation== | + | ==Investigations== |
| + | ''[[The Daily Telegraph]]'' reported that an audit of the Al-Yamamah account at the British [[Ministry of Defence]] was conducted by the U.K. government in 1992, but was considered so secret that members of the House of Commons on the relevant oversight committee were not allowed to see it.<ref>http://www.telegraph.co.uk/finance/2941537/Twenty-years-of-smokescreen-over-Saudi-deal.html</ref> | ||
| + | |||
| + | ==Legal proceedings== | ||
| + | |||
| + | ===Investigation=== | ||
A UK investigation by the [[Serious Fraud Office]] was stopped by the personal intervention of [[Tony Blair]]. | A UK investigation by the [[Serious Fraud Office]] was stopped by the personal intervention of [[Tony Blair]]. | ||
| + | |||
| + | ===US investigation=== | ||
| + | By 2009, Prince [[Bandar bin Sultan]], later to become [[Director of Al Mukhabarat Al A'amah|Director of the Saudi Intelligence agency]], had hired [[Louis Freeh]] (former [[FBI Director]]) to represent him on legal matters surrounding the [[Al-Yamamah arms deal]].<ref>http://www.pbs.org/frontlineworld/stories/bribe/2009/04/louis-freeh-interview.html</ref> | ||
| + | |||
| + | In 2010, [[BAE Systems]] pled guilty to a United States court, to charges of false accounting and making misleading statements in connection with the sales.<ref>{{cite news |title=BAE admits guilt over corrupt arms deals |url=http://www.guardian.co.uk/world/2010/feb/05/bae-systems-arms-deal-corruption |publisher=Guardian |date=6 February 2010 |accessdate=20 February 2010 | location=London | first=David | last=Leigh| archiveurl= http://web.archive.org/web/20100209002847/http://www.guardian.co.uk/world/2010/feb/05/bae-systems-arms-deal-corruption?| archivedate= 9 February 2010 | deadurl= no}}</ref> | ||
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{{SMWDocs}} | {{SMWDocs}} | ||
{{reflist}} | {{reflist}} | ||
{{Stub}} | {{Stub}} | ||
Revision as of 19:07, 14 May 2015
| Date | September 1985 - August 2006 |
|---|---|
| Interest of | Savoy Mafia |
| Description | A multi billion dollar fraudulent arms deal set up under the government of Margaret Thatcher, involving a bunch of deep state actors. |
It was reported in the British press and later confirmed by our reporting, that the British government took a 2 percent fee from the Al-Yamamah accounts, which amounts to close to $1.6 billion over the life of the 20-plus year contract. [1]
Contents
Origins
The deal appears to have been brokered by a range of deep state actors, including Le Cercle member Jonathan Aitken. Also involved were Wafic Saïd, Bandar bin Sultan
Investigations
The Daily Telegraph reported that an audit of the Al-Yamamah account at the British Ministry of Defence was conducted by the U.K. government in 1992, but was considered so secret that members of the House of Commons on the relevant oversight committee were not allowed to see it.[2]
Legal proceedings
Investigation
A UK investigation by the Serious Fraud Office was stopped by the personal intervention of Tony Blair.
US investigation
By 2009, Prince Bandar bin Sultan, later to become Director of the Saudi Intelligence agency, had hired Louis Freeh (former FBI Director) to represent him on legal matters surrounding the Al-Yamamah arms deal.[3]
In 2010, BAE Systems pled guilty to a United States court, to charges of false accounting and making misleading statements in connection with the sales.[4]
Related Document
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Closing the Stable Door | webpage | 6 March 2007 | Richard Donkin |
- ↑ http://www.theguardian.com/world/2010/feb/05/bae-saudi-yamamah-deal-background
- ↑ http://www.telegraph.co.uk/finance/2941537/Twenty-years-of-smokescreen-over-Saudi-deal.html
- ↑ http://www.pbs.org/frontlineworld/stories/bribe/2009/04/louis-freeh-interview.html
- ↑
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