31 October 2009

Update on Saab Bribery Donations in Korea

The allegations are rather different from the run of the mill bribery cases, where someone pays a government official to buy their products.

Instead, it is alleged that Saab paid bribes to get information on Korea's indigenous fighter program, so as better to compete for business.

SAAB is denying this.

The core of the allegations is that the president of the Security Management Institute (SMI), a private research company, was invited to a trade seminar in Sweden, and that SAAB covered his expenses, to the tune of $17,200.

Me, I'm just confused.

Earlier post.


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