Monday, February 11, 2013

The FBI is investigating GPT (subsidiary of EADS)


The FBI is investigating possible cases of corruption involving a subsidiary of EADS, GPT, under contracts in Saudi Arabia for the Ministry of Defence

The FBI is investigating possible cases of corruption involving a subsidiary of EADS, GPT, under contracts in Saudi Arabia for the Ministry of Defence, reported Monday the Financial Times.

The FBI questioned a witness and took possession of documents in connection with allegations that GPT bribed Saudi military officials with luxury cars and unexplained payments of $ 11.5 million (13.6 million euros), some via the United States to the bank accounts in the Cayman Islands, the daily writes.


"EADS has not been contacted by the FBI," said a spokesman for the European aerospace and defense.

Last summer, the Serious Fraud Office, a body of Fraud UK has opened an investigation to determine whether representatives of EADS bribed Saudi officials to place a telecommunications contract valued at $ 3.3 billion .

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