New law to tackle bribery
Issue 887
- 16 Oct 2010
| 1 minute read
The Serious Fraud Office is to crack down on companies that offer inducements or ‘kickbacks’ to foreign governments in return for preferential treatment. The move is a result of a new Bribery Act drawn up by the former Labour government after the SFO abandoned an enquiry into BAE Systems’ £43bn Al-Yamamah arms deals with Saudi Arabia.
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