Posted by
whoyg10245 on Wednesday, November 04, 2009 1:25:14 AM
The Attorney-General is also expected to ask for outside legal advice
before she decides whether the case is strong enough for BAE, which
employs more than 100,000 staff, to
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be charged. Legal sources said that she was unlikely to make a decision
before December and it could even be delayed until the new year.
The
SFO is investigating allegations of bribery and corruption in four
deals that BAE did with South Africa, Tanzania, the Czech Republic and
Romania.BAE has denied any wrongdoing and says that, if charges are
brought, it will fight them in court, if necessary.
It appears, however, that BAE may escape questioning over the South Africa and Romania deals as the
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SFO is understood to be preparing to jettison large parts of its
investigation. It is likely that the SFO will focus on one or two
incidents rather than try to bring a case so large that it could
collapse under its own weight.
The SFO is continuing to hold out
the prospect of an out-of-court settlement. The two sides had been
negotiating but failed to agree terms by the SFO’s deadline of the end
of
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last month. A settlement remains a possibility if BAE admits wrongdoing
and pays a fine — possibly of £300 million. BAE is understood to have
ruled out a settlement of more than £30million.