PPRuNe Forums - View Single Post - SFO raids four premises in BAE contracts probe
Old 28th November 2006 | 23:30
  #33 (permalink)  
backseatjock
 
Joined: Jun 2003
Posts: 153
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From: UK
Golf_ Bravo_ Zulu makes an important point. The loss of such a large Typhoon order will ripple much further than BAE Systems' factory gates in terms of its impact on employment.

What about the effect it will have on other equally important British engineering companies, including Rolls Royce, Smiths and others.

It is clear that a significant hole has been made in BAE's stock market value in the past couple of days, reportedly as a direct result of this issue and yet none of the allegations made by The Guardian or SFO have yet been backed up by hard evidenced facts or charges against individuals, let alone the Company.

That can't be right.

BAE's CEO is quoted as saying that after three years of this investigation the SFO should either 'put up or shut up'. If there is hard evidence of corruption or impropriety, involving BAE or any of its employees, the SFO should present it. I don't think many would disagree with that.

Conversely, if there is no hard evidence to support what are currently unsubstantiated allegations, surely it is time this one was put to bed.
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