Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Al Yamamah’

Shell money laundering of Al-Yamamah proceeds

By John Donovan In September 2009, we published an article headlined: BAE Systems whistleblower accuses Shell & BP of money laundering Al-Yamamah proceeds Al-Yamamah was the Saudi/UK corruption scandal investigated by the UK Serious Fraud Office until the investigation was stopped in its tracks by the then PM, Tony Blair, a man not known for [...]

BAE Systems: timeline of bribery allegations

Years of bribery investigations into BAE Systems by the Serious Fraud Office were brought to a close today, when the company was fined after pleading guilty to failing to keep proper accounting records in Tanzania. Here is a timeline of investigations of the defence company: (ADDED BY JOHN DONOVAN: SHELL PLAYED A KEY MONEY LAUNDERING [...]

Shell money laundering role in Saudi/BAE Systems corruption scandal

U.K. Judge Throws Curveball in BAE Agreement By Dionne Searcey: DECEMBER 20, 2010 Bringing closure to foreign-corruption cases has generally become a formulaic process. The company pays a bribe overseas, law enforcement finds out, the two sides reach some kind of a settlement deal, a judge approves it, and everyone goes their separate ways. Any [...]

Secrets of MoD deal are revealed (Shell a key player in al-Yamamah scandal)

The Sunday Telegraph November 15, 2009 Ministry cannot account for where £1bn went in Saudi oil-for-jets affair DAVID HENCKE DETAILS OF a damning secret report into Britain’s biggest ever arms deal, which raises questions over how the Ministry of Defence spent more than £lbillion, can be disclosed for the first time by The Sunday Telegraph. [...]

BAE Systems Serious Fraud Office deal could include settlement of al-Yamamah oil-for-arms scandal involving Shell

ROYAL DUTCH SHELL INVOLVEMENT IN SAUDI ARABIA / AL YAMAMAH BAE ARMS SCANDAL

Saudi Arabia takes possession of advanced fighter jets: the Shell connection

There is also an oil element. There was an oil barter arrangement whereby oil was marketed, initially by Shell and BP, and the proceeds were routed through the MOD to BAE Systems.”

A noose tightens *(no mention of Shell’s key role in Al Yamamah oil for arms scandal)

But the biggest case was always the Al Yamamah probe, which became even more explosive after it emerged that the SFO was investigating allegations that the company had paid more than £1bn to Prince Bandar bin Sultan, the former Saudi ambassador to Washington. Prince Bandar has also always denied wrongdoing. The scrapping of the Saudi case on national security grounds proved a pyrrhic victory for BAE, however, as it triggered a wave of criticism of the company and was followed by the launching of other investigations around the world.

BAE accused of £100m secret payments to seal South Africa arms deal (*BAE and the MoD were Shell’s partners in the Saudi Arabian Al Yamamah oil-for-arms scandal)

This follows the closedown of the SFO’s own inquiry in London into BAE’s multimillion pound payments to members of the Saudi royal family. Tony Blair, as prime minister, forced the SFO to call off the inquiry on alleged grounds of “national security”.

OECD report deplores UK anti-bribery record *(take note Shell)

…partner States were particularly incensed by the decision to terminate the Serious Fraud Office’s investigation of allegations of bribery involving BAE Systems and the UK-Saudi Al Yamamah arms deal.