That stock News

Eurofighter Typhoon built by BAE arrives at RAF Coningsby, Lincolnshire.?Photo: PA

1985:Britain signed the agreement arm - of - oil Al Yamamah in agreement with Saudi Arabia, the largest in the history of the UK export contract. Government to Government, BAE Systems (then British Aerospace) agreement was the contractor because the agreement included the sale of 120 Tornado fighter aircraft, aircraft training Hawk and another kit for defence.

1989:The first reports noted that an investigation is underway in claims huge payments have been made to BAE agents such as the commission, by inflating the price of the Tornado in the Al Yamamah deal.

2000:BAE failed first to report accurately paid his Tanzanian agent, Shailesh Vithlani, a process that continued until 2005.

2004:The Serious Fraud Office starts an investigation into suspected of being linked to BAE and Al Yamamah agreement focusing on the relationship between BAE and two small travel has made arrangements for Saudi to BAE officials companies accounting irregularities.

2006:In November, BAE confirms the SFO and the Ministry of defence are addressing the allegations BAE paid "Kickback" for the Tanzanian Government for a system of military radar 40 m $ (￡ 28 m).

In December, the OST removes the Saudi probe after "performances" the British Government on the need to protect national security. Move sparks outrage in transparency activists.

The decision was the result of Daily Telegraph article citing unnamed educational sources saying Saudi Arabia gave 10 days to Great Britain a term in the investigation of AFS or losing a contract for 72 Eurofighter Typhoon combat jets built by BAE Systems and partners of the consortium.

2007:In January, the OST starts another investiagtion BAE payments to a Minister of South African defence in relation to a contract of. 5bn ￡ 1 BAE has won it in 1999.

In February, the UK confirms there are six current probes against BAE with looking SFO transactions Romania, Chile Czech Republic and Qatar, as well as the South Africa and Tanzania.

In June, the Ministry of justice launches its own investigation BAE compliance with laws American anti-bribery, including its delaings in Saudi.

2008:The House of lords confirms a call to the SFO, saying that it has legitimately acted in dropping the Saudi probe, for reasons of national security.

2009:Information, collapse of the negotiations on a possible between BAE medium bargain and SFO and SFO said seek authorization of the Attorney-General to continue the company defence for offences related to corruption overseas."

Both said reports that BAe may be asked to pay some 500 m ￡ ￡ billion medium bargain should be reached.

2010:In February, BAE agrees to pay a 400 m $ United States after admission for "defrauding of United States" fine on the sale of aircraft in Saudi Arabia and East Europe and also an agreement 30 million from ￡ with the SFO, relating to the "infringement of the obligation to keep accounting records" in Tanzania.

The OSF says that he will not seek continuation of BAE allegations he studied for six years, including Europe.

View the original article here