15 Biggest Bribery Cases in Business History

7. BAE Systems

One of the biggest defense companies in the world, BAE Systems was engaged in controversy in 2006, where it was accused of using corruption to sell arms to various countries across the world including Chile, Qatar, Tanzania, South Africa, Romania, Saudi Arabia and Czech Republic. Even though it was investigated and later charged by the Serious Fraud Office, BAE refused to concede that it had used bribery, which is why it was not banned from future contracts. However, the company ended up paying $400 million to the US and 30 million pounds to the UK against charges of overseas corruption.

BAE Systems PLC (ADR) (OTCMKTS:BAESY)

Pixabay/Public Domain