Balfour Beatty agrees to pay
£2.25m over allegations of
bribery in Egypt
In a ground-breaking deal, the British construction company Balfour Beatty agreed yesterday to pay £2.25m to settle bribery allegations over a £100m overseas contract. The company helped build the re-created Alexandria Library in Egypt in 2001, a prestigious Unesco project.
The Serious Fraud Office, which has been investigating the firm for the past three years, has avoided the risk of losing a criminal trial but the exact allegations have been hushed up as a result. The SFO said yesterday: "By proceeding in this way, the SFO has been able to impose a significant sanction on a major UK company whilst avoiding the extensive cost to the public purse of lengthy court proceedings."
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This is the company that owns the Airport at Blackpool and the one that Blackpool Council is falling over to accommodate.
Be careful who you get into bed with Blackpool Council!!!
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