The Serious Fraud Office is to face legal action over its “plea bargain” with the arms company BAE Systems. The Campaign Against Arms Trade and The Corner House have begun the process of a judicial review.
Faced with allegations of corruption in five continents, the arms company BAE Systems have agreed with the Serious Fraud Office (SFO) to pay out £30 million and admit to criminal charges involving “accounting irregularities”.
In a potential breakthrough, a former agent of the arms company BAE Systems has been charged with corruption offences. The news has been welcomed by the Campaign Against Arms Trade, who say that the truth must come out in court.
A range of British and international NGOs have urged politicians not to water down the Bribery Bill which was presented to the House of Lords last week. They insist that bribery is a “threat to development and democracy”.
Following the proposals set out in the Queen's Speech, three of Britain's largest denominations are urging the UK's politicians to “focus their concern on those who made little out of the good economic years".