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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


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Friday
Aug102012

SFO Launches Criminal Investigation Of EADS Subsidiary

The U.K. Serious Fraud Office said this week it is investigating possible bribes in Saudi Arabia by a company owned by European defense contractor EADS.

A former employee of Britain-based GPT Special Project Management Ltd reportedly said the company gave Saudi Arabian officials cars, jewellery, and cash to win a £2 billion communications contract.

Lieutenant Colonel Ian Foxley, a former employee of GPT, claimed he was fired after raising concerns about the possibility of bribes changing hands. His complaints were first reported by the Telegraph a year ago.

EADS's £2 billion contract was for an upgrade to the satellite and intranet systems of the Saudi National Guard, a force of about 125,000 that protects the royal family.

Foxley reportedly told the SFO that Saudi officials were given the gifts by middlemen.

A source close to the SFO confirmed in June last year that a preliminary investigation was under way.

The SFO's announcement this week was cryptic: 'The Director of the Serious Fraud Office has decided to open a criminal investigation into allegations concerning GPT and aspects of the conduct of their business in the Kingdom of Saudi Arabia.'

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