PPRuNe Forums - View Single Post - SFO raids four premises in BAE contracts probe
Old 23rd Dec 2006, 13:32
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Bo Nalls
 
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Seems the septics are looking at the case with a view to claiming jurisdiction under its Foreign and Corrupt Practices Act.

The US could claim jurisdiction over the case under its Foreign and Corrupt Practices Act (FCPA) because the shares of BAE Systems, the company at the heart of the inquiry, are traded in New York as American Depository Receipts.
It would also be able to act because the SFO's two-year investigation found evidence to suggest that alleged payments of £300 million were made to an unnamed Saudi official via American banks.
http://www.telegraph.co.uk/news/main.../23/nbae23.xml
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