The Great Debate UK

from UK News:

BAE, the SFO and time travel

rtxp5uiProsecute over bribes allegedly paid in far-flung lands years before you banned such practices?

That’s the bluff from Britain’s Serious Fraud Office and its biggest defence firm, BAE Systems, is having none of it.

The Lockheed scandal of the 1970s forced the United States to toughen its anti-bribery laws but the British quietly left their laws wide open for decades.

It worked a treat.

UK firms enjoyed a competitive advantage over U.S. rivals and were able to do battle in arms exports versus freewheeling rivals from France, Germany, Russia and beyond.