Thursday, July 14, 2011

Armor Holdings pays fine for 'bribing UN official'

From the Beeb:

The American security manufacturer Armor Holdings has paid a $16m (£10m) fine to settle bribery charges.

From 2001 to 2006, Armor Holdings paid a UN official to help it deliver a contract to supply body armour for UN peacekeepers, according to US authorities.

The alleged misconduct happened before the company was acquired by British defence giant BAE Systems in 2007.

BAE said it had "co-operated extensively" in the investigation...

Much more here.

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