Prince Bandar + The Bushes…Is it any wonder they’re pals?
BAE accused of secretly paying £1bn to Saudi prince
· Money for ‘marketing services’ on arms deal
· £30m payments a quarter
· Sanctioned by MoD
David Leigh and Rob Evans
Thursday June 7, 2007
Guardian
The arms company BAE secretly paid Prince Bandar of Saudi Arabia more than £1bn in connection with Britain’s biggest ever weapons contract, it is alleged today.
A series of payments from the British firm was allegedly channelled through a US bank in Washington to an account controlled by one of the most colourful members of the Saudi ruling clan, who spent 20 years as their ambassador in the US.
It is claimed that payments of £30m were paid to Prince Bandar every quarter for at least 10 years.
It is alleged by insider legal sources that the money was paid to Prince Bandar with the knowledge and authorisation of Ministry of Defence officials under the Blair government and its predecessors. For more than 20 years, ministers have claimed they knew nothing of secret commissions, which were outlawed by Britain in 2002.
An inquiry by the Serious Fraud Office (SFO) into the transactions behind the £43bn Al-Yamamah arms deal, which was signed in 1985, is understood to have uncovered details of the payments to Prince Bandar. But the investigation was halted last December by the SFO after a review by the attorney general, Lord Goldsmith. He said it was in Britain’s national interest to halt the investigation, and that there was little prospect of achieving convictions. Tony Blair said he took “full responsibility” for the decision.
However, according to those familiar with the discussions at the time, Lord Goldsmith had warned colleagues that British “government complicity” was in danger of being revealed unless the SFO’s corruption inquiries were stopped.
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