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SAUDI'S BANDAR RECEIVES $2b FROM BAE

LONDON [MENL] -- A leading Saudi prince was said to have received about $2 billion in bribes from BAE Systems.

The London-based Guardian newspaper reported on Thursday that Saudi Prince Bandar Bin Sultan, the kingdom's national security adviser, received 1 billion British pounds to facilitate BAE contracts with Riyad. The British daily, which has written a series of stories on the Saudi-BAE connection, asserted that for more than a decade Bandar received secret payments from BAE through a U.S. bank in Washington.

"It is claimed that payments of £30m [pounds] were paid to Prince Bandar every quarter for at least 10 years," the Guardian said.

The alleged disclosure comes amid international protests against Britain's decision to terminate a police investigation of BAE. The company was alleged to have established a $100 million slush fund for Saudi princes responsible for military procurement.

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