BAE - in common with every other arms firm in the world - uses agents to sell its products.
These agents are without exception very well connected in the country where they are doing business, and they can often demand substantial fees, especially if an arms deal is successful.
We don't know for certain yet, but it is likely that these agents are at the heart of the SFO's allegations of bribery and corruption in Tanzania, South Africa, Romania and the Czech Republic dating back to the 1990s.
SHOOT: Interesting. One question. Who would it benefit if BAE went belly up? It's an arms manufacturer...
And so yesterday's news that the Serious Fraud Office wants BAE to be prosecuted for corruption is not just a calamity for the company, its shareholders and the men and women who work for it.
It is also a national disaster, with devastating consequences for British domestic employment, overseas earnings, and our standing throughout the world.
It is doubtful whether BAE could easily survive paying the £1billion fine that the SFO is reportedly demanding, nor the massive reputational damage that would result.
Of course, we would all have to stomach this national calamity if BAE really was corrupt and a disgrace to Britain. No one can condone corruption.
But is BAE really corrupt? Or is it about to become the victim of a gross miscarriage of justice?
There was barely a squeak of protest last year when one Chinese arms firm breached international embargoes to ship lethal equipment and weapons to Robert Mugabe, so that he could use them to suppress internal opponents.
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clipped from www.dailymail.co.uk
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