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Saturday, April 11, 2015

Brazil prosecutors probe Sweden's fighter jet deal

JAS-39 GripenA 39.3 billion kronor ($5.5 billion) deal signed by Swedish defence company Saab to build and sell 36 Jas Gripen fighter jets to Brazil is being investigated by Brazilian prosecutors.

The Brazilian federal government and Saab officially signed the contract in October, after a year of negotiations.

The total price of the jets had then gone up by $900 million (around 8.3 billion kronor in today's exchange rate), which prompted Brazil's government secretariat to initiate a probe into why the bill had sky rocketed.

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