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”.
The Serious Fraud Office has triggered outrage by reaching a “plea bargain” with the arms company BAE Systems. BAE have admitted to two criminal charges and agreed to pay over £280 million, but will not face court.
The arms company BAE Systems will be charged with corruption after years of allegations and controversy. The Serious Fraud Office has asked the attorney-general to initiate prosecution on charges of multimillion pound bribery.