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BAE and Tanzania near final deal on payments

Discussion in 'Jukwaa la Siasa' started by nngu007, Feb 3, 2012.

  1. nngu007

    nngu007 JF-Expert Member

    #1
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    Published On: Thu, Feb 2nd, 2012
    Tanzania |
    Published On: Thu, Feb 2nd, 2012


    [​IMG]

    BAE Systems




    BAE Systems, the aerospace and defence company, is poised to sign an agreement with the government of Tanzania in a move that will clear the way for it to make a long-awaited payment of £29.5m to the African nation.


    The company, the Tanzanian government, the UK Department for International Development and the UK's Serious Fraud Office will all be signatories to the memorandum of understanding, a British member of parliament revealed on Tuesday night.

    "The MOU and annexes [are] close to being finalised and [are] expected to be signed in February. Under the provisions of the MOU, the payment must be made within 14 banking days of signature by all parties and will include the interest accrued on the sum before it is transferred by BAE Systems," wrote Stephen O'Brien, a DfID minister, in response to a question put forward by Hugh Bayley, another parliamentarian.


    BAE was severely criticised by a parliamentary select committee last summer for not having handed over the money to Tanzania. BAE agreed to pay an ex gratia payment of £30m to Tanzania, minus a £500,000 fine, in December 2010 to settle a six-year probe by the SFO that originally investigated alleged bribery across four continents. The company paid more than $400m to settle related US investigations.


    The company said: "We note Mr O'Brien's comments and are pleased that the MOU will be signed this month. We have been ready to make the payment for some months and have been waiting for the go-ahead from DfID to do so. We will be glad to meet the terms Mr O'Brien outlines. We look forward to bringing this matter to a close."


    The group pleaded guilty in 2010 in the UK to one offence that it had inaccurately accounted for $12.4m of payments made between 1999 and 2005 to a Tanzania-based businessman who was instrumental in securing a $40m radar system for the African nation.


    BAE had originally planned to make payments to non-governmental organisations working in Tanzania, setting up a committee headed by Lord Cairns to identify worthy causes. A delegation of Tanzanian politicians came to London in June to lobby for the money to be paid directly to their government for education projects, an aim the DfID endorsed.


    The select committee then in July secured an undertaking by Richard Alderman, the SFO's director, that he would pursue BAE for contempt of court if it had not made the payment by the autumn of 2011.


    "I am looking forward to the speedy resolution of this matter so that the people of Tanzania can get the benefit to their lives that these funds will bring them," Mr Alderman told the Financial Times.


    Source The Financial Times


     
  2. nngu007

    nngu007 JF-Expert Member

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    UK GVT has not yet paid the RADAR Money as of yet... they still play around, maybe they are waiting until after 2015 the new Tanzanian Government...

    This really shows that British GVT they are not in good terms with Kikwete's CCM GVT...
     
  3. nngu007

    nngu007 JF-Expert Member

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    Sio Madudu ya Mkapa -- Ni Madudu ya Chama Cha Mapinduzi... Kikwete alijua fika Mpango huo sababu yaliongelewa bungeni na yeye alikuwa kama Rais Mteule ajaye ...
     
  4. King'asti

    King'asti JF-Expert Member

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    Kwani Kikwete nae anazifuatilia hizo hela kwa sababu ana uchungu nazo ama kwa sababu amekung'uta kapu limeisha hakuna cha kudokoa tena?
     
  5. Mzuvendi

    Mzuvendi JF-Expert Member

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    FaizaFoxy

    During Mkapa's tenure, Kikwete was the member of the cabinet, the highest indeed. As I recall when asked about the matter, he didn't show any seriousness. To prove my point here is the quote:

    I am not making it up. If Tanzania has recovered some money, it's not that the honorable President wanted to resolve the issue. Rather it's because we became the beneficiaries of the efforts of other entities. BEA was involved in multiple corruption scandals in other countries such as Saudi Arabia. These scandals threaten BEA's defense contracts in the USA and in the UK. As such the company decided to pay fine to settle the matter. BAE Systems to pay $79m fine for breach of US military export rules | Business | The Guardian


     
  6. nngu007

    nngu007 JF-Expert Member

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    Oh Kikwete was a Member of Parliament, Minister of Foreign Affairs (President in - training) Knew all about the Radar issue

    Chama Cha Mapinduzi needed the Extra Money for the Election to Elect Mr. Kikwete...
     
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