11 October 2009

Saab's South Korea Offices Raided in Bribery Investigation

It looks like its related to the ROK's KF-X program, which is supposed to, at some point in the distant indeterminate future, yield a home grown fighter aircraft.

It appears that Saab was looking into partnerships on the program, and may, or may not, have paid off an official for technical data to help with a bid:
Saab acknowledged that its South Korean premises had been “inspected” last month but denied any wrongdoing and said it was co-operating with the investigation. SMI acknowledged their offices had been searched but declined to comment on the investigation.

Saab said the company had paid SKr120,000 to SMI to sponsor a seminar by its chief executive at a Swedish trade fair last March. But Saab had no ongoing relationship with SMI and had never paid the company for information on the KF-X, it added.
Not sure what's going on, but I think that Saab is pretty desperate to get some revenue out of its investment in the Gripen.

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