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Thursday, September 09, 2010

South African Say BAE Graft Probe to Take Years

SAS Amatola (Valour class)South African authorities said investigations into allegations of corruption linked to the purchase of fighter jets from BAE Systems Plc’s British Aerospace unit and frigates from a group of German companies may take another five years.

The government has faced accusations since 1999 that officials took bribes from companies that won weapons contracts worth $5 billion.

About 300 million rand ($41 million) may have illicitly changed hands in the BAE deal, and a further $25 million during the purchase of warships from the German Frigate Consortium, Anwa Dramat, head of the police’s Hawks investigative unit, said today.

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