Rapid loan com
Cashadvance cpm
Quickest cash advance
Short time loans
Easy bank loans
Dont be broke las vegas
Short term loans nashville tn
Empire loan augusta georgia
Bank of america get a small loan
100 dollar payroll advance
Loans deposited into checking account same day
Brighton financial payday loans
Get a 500 dollar loan with no credit
Petsonal lpans
500fastcas
Fast cash los angeles
Payday loans yakima wa
Loans in albuquerque nm
Installment loans based on your income
Cash advace for dad credit
Payday loans guarenteed
Online same day payday loan
Get cash advance with a 650 credit score
Loan with bad credit history texas
Best installment loans reviews
I have no credit history and i need a loan
Top ten quickest loans
Florida payday loan companies
Va internet payday loans
Legitimate lenders for people with bad credit
Can i get a loan to help me move
Direct loans by phone
Imapctcash com
Small line of credit bad credit
Places that give loans to people with no credit
Short term loans in pa bad credit
Small payday loans for 18 yr olds with bad credit
How can i get approed with poor credit
Cash advances in philadelphia pa
Signature loan direct deposit nofax
Online loans no credit check no fax
Tower loans ruston
Online installment loans missouri
Cashloan in lagrange ga
Loan byphone no donpayment
Money lending websites
Payday loans money same day
Money loans no checking account
900 online bad credit loan
Pay day loan no checking account
Cashnow loans
Personal loan old mutual
Florida no credit check financing
100 days of freedom loans
Loansbadcreditonline
24 hour loans online
1 online personal loans for bad credit
Lender to bad credit 1000
Pls loan store madison wi
Need 1000 dollars now
Shot term oans
Bad credit lease
Thousand dollar loan instantly
Www bad credit payday loans com
Verybadcreditloans
London kentucky payday loans
Private lenders in puyallup
I need 1000
Cash advance in san antonio
Money for low income people
Legitimate online loans no credit check
Quick easy online lenders
Payday loan in killeen texas
Www g loans com
Emergency cash bad credit
1000 loans today
Small loans santa fe nm
Rim and tire financing no credit check
Bad credit personal loan immediately
Automatic approval small loans
Pay day loans with low income
Loans up to 1000 secured
Payday loans plaistow nh
Cash loand
I need a fast payday loan
Loans money in minutes
Ace cssh loans
No credit check townhomes
Instant 300 loan
Call for a loan payday
Instant pay day loan
Apply for a cash advance
Where can i get a same day loan
What do i need for short term money loans
2000 installment loans
How to get 100 dollars fast
Need to borrow a 1000 dollars fast
California budget finance
America payday loan
Cash advance bakersfield ca
Quick guaranteed payday loans
Bakersfield loans
Www loans gov
Payday loans until taxes come
Guaranteed approval installment loand
Get a lone
Payday loans nj locations
Savannah ga yellow pages
I need a loan with a 495 credit score
Wisconsin payday loans
Payday loans with less than 10 percent interest
Payday cash advance naperville il
Reputable loan companies
Direct bad credit installments
No bank account loans
Instant payday loans no verification
Legit loan lenders
Check inadvance loans
One day money lending
Payday advance loans missoula mt
Online pay day lenders
One day payday loans
Ez money loan
Loans for cash with bad credit
Fundtimes payday
Online loan service
Get personal loan
Unsecured personal loans with no credit check
Find online loan applications from direct lenders
Loan for people on ssi
How can i get a personal loan online right now
Fastest place for a loan on the same day
Quick money loans now
Payday loans for unemployment direct lenders
Easy overnight approval loas
Instant no hassle payday loans
How to get approved for payday loans
Rapid loans direct com
5000 online loans
Direct lenders loans for no credit
Internet payday loans no fax
Installment loans alabama
Western sky loan
Loans tulsa ok
Online secure loans
Best online loan lender
Instant bad credit no credit check personal loans
Pay day loans albuqerque
No paperwork same day loans
60 second cash loans
Advance cash loan
Safeloan
Loans without teletrack
Payday cash 360 net
Payday loans near savage mn
Loans for people with bad credit in michigan
No tension loans that are legit and you esign
How many check stubs for a cash advance
Direct lenders for loans like ameriloan
Personal loann
Places to borrow money with bad credit
Payday loan naples florida
Www cashnet com
Very bad credit loan lenders same day approval
Pay day nation loan
Smart credit loan
24hr 1000 loan
Pay day loan portland oregon
Personal payday advance
Online repayment direct loans
Ez loan in nashville
Cash advance san antonio
Direct lenders alliance
Money advances in ca
How can i get a small loan with bad credit
Establish line of credit with capital one online
Tic toc pay day com
Tictactoccashadvance
I need of money now
No fax payday loans with out having direct deposit
Instantmone
Instantloansusa
Fast online loan
Pay day advance direct lenders
Applyy gor 1500 dollar loan
Fast cash loans no credit
Loansforpoorcreditonsocialsecurity
Sign up for free loan with bad credit
Instant approval payday loan
Easy qualifation loans in va
Payday loan no income verification
Bad or no credit instant approval loans
Easyloans
Where can i get a loan with low income
Cashfast com
247 esay approval for poor credit and bad credit loans
Guaranteed personal loans bad credit
Small loan up to 1000
Guaranteed poor credit personal loans nationwide
How to take out loans

Thales and French Government to Share in Fine for Taiwanese Bribes

A French court ruled this week that the French defense contractor, Thales (HO:PA), along with the French government must pay a fine in relation to charges that bribes had been paid to the Taiwanese government to secure a large naval ship order. The deal was originally signed with Thomson-CSF and the government owned shipyard DCN. Thomson-CSF is now part of Thales.

The fine of 630 million euros, which is almost a billion dollars, will be split roughly 70/30 between the government and Thales. As part of the agreement with the court the government will not appeal the decision allowing Thales to get on with business without facing any more potential penalties or bad publicity. Thales says that the money has already been accounted for in preparation for paying the fine. The money will be returned to Taiwan.

Thales stock price has been little affected by the news.

This is the largest corruption case in French history and rivals the payouts that BAE Systems (BAE:LSE) has had to give to the U.K. and U.S. governments over its deals with Saudi Arabia. These totaled almost $500 million to the U.S. and $450 million in the U.K. The U.S. has especially been harsh on companies that used bribes and corrupt acts to win contracts overseas.

Historically bribes and payments have been a part of the international arms trade. Many countries required these kind of payments or the use of middle men to facilitate deals. This practice has been accepted by governments more interested in winning the contract for their own domestic companies like this deal then in ethical practices. These kind of actions cheat the customer because they may not get the best system or deal for their money as well as the other potential bidders as they do not get a fair selection process.

Thales also illustrates the situation where mergers and acquisitions lead to a company inheriting the problems of another. Even though potentially no Thales employees were involved the company is responsible due to acquiring Thomson-CSF. Hopefully more decisions and cases like this will help eradicate this problem from the defense trade.

Photo from Lordcolus’ Flickr photostream.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Comments

One Response to “Thales and French Government to Share in Fine for Taiwanese Bribes”

  1. Two Foreign Arms Deals for Boeing to Cushion Future U.S. Defense Cuts | Defense Procurement News on June 13th, 2011 2:30 am

    [...] this support may get too ambitious and enthusiastic leading to situations like in France where Thales and the government now owe millions in fines for paying bribes to Taiwanese officials to secure a new naval vessel program. Boeing will probably [...]

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.

>