BAE Investigation

BAE Systems PLC said the U.S. Department of Justice has begun an investigation of the company’s dealings with Saudi Arabia. The investigation is related to the company’s compliance with anti-corruption laws. BAE denied accusations of paying illegal kickbacks to members of the Saudi royal family as part of the $86 billion Al-Yamamah aircraft deal negotiated in 1985. Prince Bandar bin Sultan, former ambassador to United States and now head of Saudi Arabia’s National Security Council, also denied that he personally profited from the deal. For Related News