BBC lifts the lid on secret BAE slush fund

[emad]

By Michael Robinson
BBC Money Programme


With exclusive interviews with three former insiders, BBC Two's flagship business series The Money Programme reveals a secret £60m slush fund used by the UK's leading arms maker, BAE Systems, to grease the wheels of the biggest arms deals in British history.

Prince Turki bin Nasser, a leading member of Saudi Arabia's ruling royal family, was the principal beneficiary of BAE's millions.

For almost 20 years, he was responsible for overseeing the Saudi side of the massive al-Yamamah arms deals, worth billions of pounds to BAE.

While BAE, formerly known as British Aerospace, consistently refuses to acknowledge the existence of their slush fund, in the programme Bribing for Britain? one of the men who lavished luxury on Prince Turki for more than a decade, Peter Gardiner, speaks out for the first time about what he did.
More:
http://news.bbc.co.uk/1/hi/business/3712770.stm