Summary
SHARES in defence giant BAE Systems soared today after the Government's unprecedented intervention ending the Serious Fraud Office's investigation into the company's alleged bribes of Saudi officials to secure the latest leg of the controversial Pounds 6 billion Al Yamamah oil-for-arms contract.
The intervention, meanwhile, leaves the future of the SFO in doubt, with morale at the muchmaligned City antifraud enforcement unit now at its lowest ebb.See the full content of this document
Extract
Bae Shares Cheer Halt to Saudi Probe
The future of lucrative contracts between BAE - the former British Aerospace - and the oil-rich Kingdom of Saudi Arabia appea...
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