This insignificant piece of information is superb in a smart way, it aims to rid the country of the scandal of its school kids sitting on the dust when learning by utilizing money recovered from another scandal of a few greedy individuals trying to outsmart the rest of us by purchasing a radar at a privately agreed super price from B.A.E of the U.K.
The following court sentencing gives a briefing:
Sentencing at Crown Court on 20 December 2010
Arms company BAE Systems today pleaded guilty at the City of Westminster magistrates court in London to minor charges of false accounting relating to its controversial sale of military radar equipment to Tanzania in 1999. The sale has been surrounded by allegations of corruption.
BAE and the Serious Fraud Office (SFO), which was investigating the corruption allegations, announced in February 2010 that they had reached a “plea bargain” settlement under which BAE would plead guilty to the accounting misdemeanours.
After BAE entered its guilty plea, District Judge Caroline Tubbs gave permission for the plea bargain settlement to be heard at the higher Southwark Crown Court on Monday 20 December.
At this unprecedented hearing, the judge, Mr Justice Bean, will be asked to confirm the final settlement.
The single criminal offence against BAE, presented by SFO lawyer Louis Mably, was brought under section 221 of the Companies Act 1985 concerning a corporation's "duty to keep accounting records". It states that British Aerospace Defence Systems Limited failed:
"to keep accounting records which were sufficient to show and explain payments made pursuant to (a) a contract between Red Diamond Trading Limited and Envers Trading Corporation, (b) a further contract between British Aerospace (Operations) Limited and Merlin International Limited."
The SFO had been investigating allegations that BAE covertly channelled bribes through the Panama-registered Envers from its company, Red Diamond, to secure a contract in 1999 to supply Tanzania with a military radar system costing £28 million. (British Aerospace Defence Systems was a UK subsidiary of Siemens AG [Siemens Plessey Systems] that BAE acquired in April 1998 and renamed.)
The charge, however, is not being brought against this BAE subsidiary or its company officers, but against the ultimate parent company, BAE Systems Plc, for knowingly procuring the failure of this subsidary to keep accounting records:
The scandal (the radar buying one) pulled down to dust several big names,some in the cabinet and went as far as implicating higher ones,but as usual with reprievals you do not get full measure,this round we get school desks.IF we open our eyes wide enough and shout loudly enough some other scandal may be unearthed and inshallah maybe some more change may be in the lines, this could be used to construct classrooms for the kids who lack ones or teachers' houses or dispensaries or bridges or roads,the list is endless,just as the scandals are endless also.B.A.E Systems Plc, between 1st January 1999 and 31st December 2005, knowingly procured the failure of British Aerospace Defence Systems Limited to comply with the provisions of section 221 of the Companies Act 1985, and thereby aided and abetted, counselled and procured the commission of the offence contrary to section 221(5) of the Companies Act 1985 by the officers of British Aerospace Defence Systems Limited.
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