Fine of BAE Systems: it won't be easy to pay Tanzania
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Accounting of the CSS relate to $12. 4 m paid marketers in Tanzania to facilitate an agreement with the country air traffic control.?Photo: Alamy
BAE walking the Court this morning the poorest ￡ 750,000.
The sum of global from the BAE with the Serious Fraud Office plea negotiation may be 30 m ￡, however money only business is legally obliged to pay is fined ￡ 500,000 and costs ￡ 250,000 ordered by judge Bean.
Both are on a charge of failing to keep accounting records relating to the sale of a 40 m air traffic control system $ (￡ 28 m) in Tanzania.
The balance of the 30 m ￡ agreed with the SFO must be paid in "the people of Tanzania" repairs by BAE.
After conviction, Richard Alderman, Director of the serious fraud Office (SFO), said: "I expect to BAE in honour of the agreement." I expect the company pay as soon as possible. ?
Yet, despite investigation for years and negotiating plea being agreed in February, BAE has yet to put in place a mechanism to pay money.
Three possibilities appear immediately. First of all that money is given to the Government of Tanzania, a route that is thought to be privileged by the OST; Secondly that BAE provides money directly to charities in Tanzania. Thirdly that an independent party, possibly the World Bank, is used as an intermediary to distribute money.
However, each solution carries potential problems.
The Tanzanian Government could refuse to accept payment of BAE. Taking cash from BAE of the 40 million air traffic control agreement of ￡ negotiated can be regarded locally as an attending judge described as "suspicious activity" tacit admission
Nick Hildyard campaign group Corner House said: "" the tragedy is the Government of Tanzania should not even accept money, as do this can be seen to be admitting its share in the case. ""
Give money to charities and could transform repair in little more than an exercise in PR of BAE Systems. No process has been set up to facilitate third avenue.
A spokesman for said BAE company sought actively to how she would pay 29 ￡. 3 M repair in Tanzania. He said that no formula or calendar was fixed.
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