BAE TO BE PROSECUTED OVER SECRET OFFSHORE BANK ACCOUNTS
Six years after the arms company’s network of secret offshore slush funds was first disclosed, the first wheels are in motion leading to a prosecution against BAE Systems, the military aircraft manufacturer. With the help of Lloyds Bank, BAE’s Red Diamond entity secretly kited payments of hundreds of millions of pounds all over the world. Typically, the cash would be wired to another anonymous Panama-registered corporation, with a secret owner and an offshore bank account in Switzerland. Where the cash was directed after that was designed to be a mystery.
http://www.guardian.co.uk/world/2009/oct/01/bae-serious-fraud-office






