Auditors ‘failed to stop £14.5m bribes in Sangcom project’
Audit report qualified only after whistle was blown on offshore payments
By Frederika Whitehead | 30 May 2012 |Existing user? Log in now to view this content
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The FRC should look carefully at both KPMG’s auditory, and EADS compliance, roles in this affair
Ian Foxley, former programme director, Sangcom project
Auditors face accusations of failing to stop bribery payments of millions of pounds in a massive UK-Saudi defence deal.
The project’s former programme director, Ian Foxley, accuses auditors of complicity in corruption in a detailed letter to Vince Cable, business secretary, copied to the prime minister, David Cameron. Foxley worked on the Sangcom project to overhaul military communications systems.
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