Saudis ready to eject from Eurofighter deal

Posted on: Dec. 1st, 2006 || Source: business.guardian.co.uk | E-mail Article | Print Article

Britain faces losing a 10bn pounds arms contract with Saudi Arabia, unless it halts a bribery investigation into the kingdom's arms trade.

The Saudi government has given the UK a 10-day ultimatum to scrap a Serious Fraud Office probe or lose the deal to supply 72 Eurofighter jets, supporting 50,000 jobs, according to the Daily Telegraph.

The report comes after the Guardian revealed that secret payments of millions of pounds from BAE Systems, which manufactures the plane, have been found in Swiss bank accounts linked to Wafic Said, a billionaire arms broker for the Saudi royal family.

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