Thursday, June 07, 2007

Prince Bandar and the arms dealer

Via Bryan at Why Now?, BBC reports:

A Saudi prince who negotiated a £40bn arms deal between Britain and Saudi Arabia received secret payments for over a decade, a BBC probe has found.

The UK's biggest arms dealer, BAE Systems, paid hundreds of millions of pounds to the ex-Saudi ambassador to the US, Prince Bandar bin Sultan.

The payments were made with the full knowledge of the Ministry of Defence.

Prince Bandar "categorically" denied receiving any improper payments and BAE said it acted lawfully at all times.

The MoD said information about the Al Yamamah deal was confidential.

Sir Raymond Lygo, a former chief executive of BAE, told the BBC's World Business Report that there had been "nothing untoward" about the arms deal.

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"You smell like money."
"Thanks!"

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