BAE Systems has announced settlements totaling $400m with the U.S. Department of Justice and UK’s Serious Fraud Office relating to corruption and false accounting charges.
BAE says that under the arrangement with the Department of Justice, which requires court approval, it will plead guilty to one charge of conspiring to make false statements to the US Government in connection with regulatory filings and undertakings. Regarding investigations with the Serious Fraud Office, BAE will plead guilty to one charge of breach…
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