French angle for Saudi billions

#1
Telegraph Online said:
French angle for Saudi billions

The government of Saudi Arabia is set to tear up its £76bn agreement with Britain for Eurofighter Typhoons and hand the contract to France if the Serious Fraud Office opens up secret Swiss bank accounts allegedly linked to members of the Saudi royal family.

Senior British government sources last night predicted that the Saudi authorities would stand by their promise to cancel the recently signed order for 72 Eurofighter Typhoons if the SFO goes ahead with plans to open up potentially embarrassing bank accounts as part of its long-running investigation into allegations of bribery.

The Eurofighters are being built by a European consortium including BAE Systems, Britain's largest defence contractor. Now, Saudi Arabia is considering buying the Rafale, made by France's national contractor Dassault. It is understood President Jacques Chirac has stepped up his lobbying of the Saudi authorities.

Cont/...
Now then Dear Leader, just what are you going to do?

:?
 
#2
A corrupt government.

You pick which ones.
 
#3
No danger of the French taking any action to expose secret bank accounts and/or corrupt practices..... probably safe to predict the Saudis will soon be ordering Rafaele.....
 
#4
Its a pity we can't do the same thing!
 
#5
Is it still true that Frog companies may defray Political Gifts against their Tax Exspenses ?
john
And I conncurr
Now then Dear Leader, just what are you going to do?
 
#6
Why shouldn't the French sell Saudi weapons? They weren't shy from selling Iraq weapons during the arms embargo, or have we forgot the milan mk3s and the exorcet mk 41s that turned up in Iraq after the latest war?
 
#7
TPR_C_Hunt said:
Why shouldn't the French sell Saudi weapons? They weren't shy from selling Iraq weapons during the arms embargo, or have we forgot the milan mk3s and the exorcet mk 41s that turned up in Iraq after the latest war?
Is this the French fookers who lie down like pussies when the heat is on... fook me they actually make weapons for the purpose of war?? That is a surprise...
 
#8
Call their sand eating, camel riding, boy bumming, no alchohol drinking shitebag bluff!!

I want to know why the SFO are doing it anyhow!

And besises they will only fcuk up the eurofighters anyway
 
#9
Do the Saudis make a point of having separate sellers to play one off against the other? I ask, because when I was there (1998-00) probably the best story I heard was based around something of the sort (although possibly apochrophal).

As related to me, post-GW1 the Yanks put a major equipment and training package into the Saudi Army. At this point, some bright spark starts to worry about coup d'etat potential.

The Saudi solution? Make sure the National Guard can kick the US-trained and mentored army's arrse in such an event. How to guarantee the National Guard can trump the army? Get the British to train it!
 
#10
merkator said:
The government of Saudi Arabia is set to tear up its £76bn agreement with Britain for Eurofighter Typhoons and hand the contract to France if the Serious Fraud Office opens up secret Swiss bank accounts allegedly linked to members of the Saudi royal family.

I think the SFO should take a dose of reality. No contract has ever been signed with an Arab state without a kickback being paid. Does the SFO seek to make 50,000 UK workers unemployed over this? As long as the BAe executives are not taking a cut, the SFO should take their noses out.


The daft thing is, the Saudis could easily 'legalise' these kickbacks. All they need to do is set up a 'consultancy' or a 'brokerage service' that facilitates the deal for, say, 2% of the contract price, and the Saud princes would be sitting in clover.

(As long as this practise does not spread to European business.)


D
 
#11
dammatt said:
merkator said:
The government of Saudi Arabia is set to tear up its £76bn agreement with Britain for Eurofighter Typhoons and hand the contract to France if the Serious Fraud Office opens up secret Swiss bank accounts allegedly linked to members of the Saudi royal family.

I think the SFO should take a dose of reality. No contract has ever been signed with an Arab state without a kickback being paid. Does the SFO seek to make 50,000 UK workers unemployed over this? As long as the BAe executives are not taking a cut, the SFO should take their noses out.


The daft thing is, the Saudis could easily 'legalise' these kickbacks. All they need to do is set up a 'consultancy' or a 'brokerage service' that facilitates the deal for, say, 2% of the contract price, and the Saud princes would be sitting in clover.

(As long as this practise does not spread to European business.)


D
Wasn't it the nature of these 'introduction fees' that saw Mark Thatcher make a packet out of the Al Yamamah deal (not sure of the spelling but the Tornados and Hawks package). Wasn't in connection with this that Jonathan Aitken did time, lying about his night in the Paris Ritz or some such to cover up his involvement in brokering the deal?

Hard for the Saudis to take the moral high ground when they (literally) grease the wheels and due process has been seen to be done by the UK previously with regard to this.
 
#12
dammatt said:
merkator said:
The government of Saudi Arabia is set to tear up its £76bn agreement with Britain for Eurofighter Typhoons and hand the contract to France if the Serious Fraud Office opens up secret Swiss bank accounts allegedly linked to members of the Saudi royal family.

I think the SFO should take a dose of reality. No contract has ever been signed with an Arab state without a kickback being paid. Does the SFO seek to make 50,000 UK workers unemployed over this? As long as the BAe executives are not taking a cut, the SFO should take their noses out.


The daft thing is, the Saudis could easily 'legalise' these kickbacks. All they need to do is set up a 'consultancy' or a 'brokerage service' that facilitates the deal for, say, 2% of the contract price, and the Saud princes would be sitting in clover.

(As long as this practise does not spread to European business.)


D
The SFO ignoring serious fraud??? We shouldn't insist on standards then??
 
#13
A government that is being investigated over honours for cash is clambering onto it's high moral horse over business practices that have guaranteed us tens of thousands of British jobs for decades.

I'll bet my house that none of those jobs at risk are in Labour marginal seats.
 
#14
Come, come now everybody. You've all missed the point.

No UK jobs are at risk whether the Saudi's pull the deal or not. HMG has agreed with BAe to produce a certain number of Typhoons far in excess of the number that the RAF needs or can afford. This excess will either sit in sheds unused hoping for a foreign buyer to be found, or go straight to the foreign buyer already lined-up.

This is all about whether HMG will pander to blackmailers and order the SFO to cease its investigation and prevent another MoD budget crisis, or whether HMG will stand firm and tell an undemocratic (royal) dictatorship, whose system of government has lead to the creation of a large proportion of the international terrorist cadre, to fcuk off.
 
#15
i wonder if this moral high ground extends enough to stop buying the petroleum from this same unelectred despotic autocracy.
 
#16
DrStealth said:
i wonder if this moral high ground extends enough to stop buying the petroleum from this same unelectred despotic autocracy.
Most of the oil we get from Saudi is actually payment for the arms we've already 'sold'. I suspect the Typhoon deal was also based around the exchange of aircraft for black stuff.

I'm sure if we ask nicely, others would happily sell us oil. Although, that would mean dealing with people that HMG considers to be even more unsavoury: Iran, Venezuela and, before his removal, Saddam.
 
#17
LankyPullThrough said:
Wasn't it the nature of these 'introduction fees' that saw Mark Thatcher make a packet out of the Al Yamamah deal (not sure of the spelling but the Tornados and Hawks package). Wasn't in connection with this that Jonathan Aitken did time, lying about his night in the Paris Ritz or some such to cover up his involvement in brokering the deal?

Hard for the Saudis to take the moral high ground when they (literally) grease the wheels and due process has been seen to be done by the UK previously with regard to this.

I don't think the Saudis are taking a moral high ground, rather they are saying 'give us a kickback or we will go elsewhere'. So they may as well make it legal, with a 'consultancy' taking an 'administrative fee'.

Yes, it was rumoured that Mark T ran off with about £10 million from the previous deal. Now that should be investigated.



The SFO ignoring serious fraud??? We shouldn't insist on standards then??
In the UK yes. However, if that's how other cultures work, then what is the problem? Everyone on this board keep insisting that all cultures are equal and above critisism, so what is the problem is the Saudis want to be internally corrupt. As long as that practise is not brought over here, should we care?


D
 
#18
Dammatt said

so what is the problem is the Saudis want to be internally corrupt. As long as that practise is not brought over here, should we care?
That's the whole point though isn't it.

It would seem that BAe has mired itself in Saudi corruption, allegedly, and if so have to be brought to book
 
#19
Note to BAE press office: Good drills, you've got the Torygraph to use the word "French" in the headline, thus convincing the jelly bellied flag flappers that somehow, our crookedness is the fault of the French. But that's not enough. Next stop, we need enough flagwaving BS to get the Tory Diehard tendency lined up with the BAE-constituency Labour MPs in putting pressure on No.10 to call off the SFO, blatantly against the law..

Frankly, ****'em. BAE can't do anything useful, can't do anything useless on time and on budget for that matter, and its management are so patriotic their main strategy is to sell the firm to the yanks, including all the IPR created with taxpayers' money, and cash out their share options. The Saudis can waste their oil money on froggy aeroplanes for all I care, at least it will maintain meaningful industrial capabilities somewhere nearer than Seattle.

After all, everyone's quite clear what the only strategic rationale for this is, right? The more money the Saudis spend on useless whizzytech toys for the sheikhs' sons to play biggles in, the less they've got left to give to the sheikhs' younger sons in Al-Qa'ida.
 
#20
Bribes paid as part of arms deal! What a surprise!!

No doubt the prospet of being stuck with 72 Eurofighters will concentrate minds wonderfully. per the FT:

"Saudi Arabia has suspended commercial negotiations with the UK over the £10bn purchase of a new fleet of Eurofighter Typhoons, in an attempt to force the Serious Fraud Office to wind up a long-running corruption probe.

Mike Turner, chief executive of BAE Systems, Britain’s biggest weapons maker and prime beneficiary of the Saudi deal, said on Monday: “We cannot speak on behalf of the two governments. But I do know we are not currently moving forward on finalising the Typhoon contract.” "


And just to remind us there really is nothing the DTI cannot screw up:

http://politics.guardian.co.uk/foi/story/0,,1933764,00.html

"The government was yesterday scrambling to recover secret documents containing evidence suggesting corrupt payments were made in Britain's biggest arms deal. The documents, published in full today by the Guardian, detail for the first time how the price of Tornado warplanes was inflated by £600m in the 1985 Al Yamamah deal with Saudi Arabia. A telegram with the details from the head of the Ministry of Defence's sales unit had been placed in the National Archives. Yesterday it was hastily withdrawn by officials who claimed its release had been "a mistake".
 

Similar threads

Latest Threads

Top