NEWS Global corruption watchdogs are keeping a close eye on hearings at the UK House of Lords where the Serious Fraud Office is arguing against a High Court decision to reopen a multibillion bribery case. In the meantime, financial press followed the money.
"Meanwhile, shares in BAE Systems added 5-1/4 pence to 431-3/4, as investors focus on Britain's upper House of Parliament Monday when the government challenges a court's verdict that ministers were wrong to drop a probe into bribery allegations surrounding the UK defence group's arms deals with Saudi Arabia.Forbes reports House of Lords is scheduled to hear a government appeal against a High Court ruling "that the Serious Fraud Office acted unlawfully in ditching its investigation into the 43-billion-pound Al-Yamamah arms deal in 1985." LINKS Forbes story on rising death shares Exposed: the arms lobbyist in Parliament Google news stories on House of Lord hearings avaiki pick : Mixed Messages on Fighting Foreign Bribery, Says TI Report avaiki link : rich states ‘failure’ on corruption
UK Lords consider BAE-Saudi arms deal probe Forbes, NY -