BAE in £286m settlement over corruption claims

Defence giant BAE Systems is to pay £286m (€327m) in fines and plead guilty to two criminal charges to settle corruption claims in the UK and US.

Sat, 06 Feb, 2010 - 09:21

Defence giant BAE Systems is to pay £286m (€327m) in fines and plead guilty to two criminal charges to settle corruption claims in the UK and US.

The settlement announced yesterday with the Serious Fraud Office (SFO) and US Department of Justice (DoJ) follows long-running probes into its business dealings across the world.

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