Monday, 14. May 2007
Topic: NEWS - on May 14, 2007 at 10:47:00 AM CEST
Swiss launch BAE inquiry over alleged money laundering
The corruption investigation into BAE's Saudi arms deals, a cause of international uproar when the Serious Fraud Office abandoned its inquiry in December last year, could be reopened after all thanks to moves by the authorities in Switzerland.
Federal prosecutors in Bern launched at the weekend their own official investigation into BAE, this time for alleged money laundering. Investigators there will be able to examine Swiss accounts held by billionaire middleman Wafic Said, who is regarded as a potential witness. Mr Said declines to comment.
Article continues Hundreds of millions of pounds are reported to have passed through the accounts, from an offshore company secretly owned by BAE called Poseidon.
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