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BAE Systems faces 'slush fund' allegations.
Knight Ridder/Tribune Business News, October, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Oct. 5--Defence giant BAE Systems is facing fresh allegations that it operated a "slush fund" to win favour with Saudi officials.
BAE has consistently denied the operation of such a fund.
Tonight's BBC 2 Money Programme, entitled Bribing for Britain, features the accounts of middle-men who claim to have lavished exotic holidays, luxury limousines and other gifts on Saudi princes.
The show attacks BAE's chief operating officer, Steve Mogford, who 10 years ago was managing director of its Saudi-based al-Yamamah project.
The programme follows the arrest and subsequent bail of a former Ministry of Defence employee in connection with reports of accepting luxury foreign...
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