tag:blogger.com,1999:blog-6093560390959788459.post8394816803709506992..comments2024-03-21T09:29:25.220+00:00Comments on The Financial Crimes: BAe in the dockAlexhttp://www.blogger.com/profile/13775753218753337766noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6093560390959788459.post-50654157860322970912009-10-06T11:43:44.306+01:002009-10-06T11:43:44.306+01:00A cynical view JMT, but you have a point, not leas...A cynical view JMT, but you have a point, not least because the government even hands over grants to BAe effectively to bribe the electors in parts of the country where BAe have factories.<br /><br />I was once hauled into meetings between BAe and the DTI, paid hundreds of pounds an hour as the DTI's outside adcisor, over funding for the development of wings for the Airbus A380, including about £50m to go to Broughton near Wrexham.<br /><br />After the BAe presentation I asked what I thought were penetrating questions, only to be tapped on the shoulder by the DTI man, who said: "Don't give them a hard time, we are going to give them the money anyway."<br /><br />At which point I asked why the tax payer was paying hundreds of pounds for me to be in the meeting.Alexhttps://www.blogger.com/profile/13775753218753337766noreply@blogger.comtag:blogger.com,1999:blog-6093560390959788459.post-85645613984396136822009-10-06T11:16:48.143+01:002009-10-06T11:16:48.143+01:00I am confused.
Government handing over money to e...I am confused.<br /><br />Government handing over money to encourage business = a sweetener.<br /><br />Companies hands over money to encourage business = a bribe.<br /><br />In the latter case the Government get a tax benefit. In the former we pay higher taxes.<br /><br />So who really is guilty?JMTnoreply@blogger.comtag:blogger.com,1999:blog-6093560390959788459.post-19774897103387483762009-10-03T19:12:27.242+01:002009-10-03T19:12:27.242+01:00All major countries have laws on bribery and corru...All major countries have laws on bribery and corruption, but they are rarely applied when selling overseas, As I have already mentioned, governments usually support these sales with credit guarantees - OK, not for the Saudis who pay in cash - so how do they not see all the parties involved?Alexhttps://www.blogger.com/profile/13775753218753337766noreply@blogger.comtag:blogger.com,1999:blog-6093560390959788459.post-33741101416027295672009-10-03T18:19:32.388+01:002009-10-03T18:19:32.388+01:001. I find it astonishing that British firms should...1. I find it astonishing that British firms should be held to account here, over business practices in other countries. It should be a matter for the countries concerned, not us<br /><br />2. The biggest corruption racket in the world is going on in the US. It is called campaign fundingI are wunnoreply@blogger.com