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February 14, 2012
Saab targeted in South Korea bribery probe
Published: 6 Oct 09 13:29 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/22500/20091006/
Swedish aerospace giant Saab AB is under investigation by South Korean security authorities looking into allegations the company paid off a local research institute in exchange for classified information.
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"The raid, which was to secure evidence, followed allegations of bribery," a ministry spokesman told AFP, without disclosing details.
The Swedish defence contractor is suspected of bribing the institute to obtain information regarding a military project to develop new fighter jets, Yonhap news agency said.
Saab has been interested in the project, Yonhap said, adding its potential competitors include US firms Boeing and Lockheed Martin.
A representative from Saab said the company was unaware of having been targeted in the probe.
“We haven’t received any indication that there is any connection at all indicating we might have paid for some sort of information,” Saab spokesperson Cecilia Schön Jansson told Sweden’s TT news agency.
According to her, none of the three employee’s in Saab’s Seoul office, one of whom is a Swede, are suspected of any crime.
Yonhap quoted Kim Jong-Tae, commander of the Defence Security Command, as saying security authorities were questioning six people.
"The investigation should end at the end of October," Kim was quoted as saying.
Investigators suspect the institute has presented reports on the fighter project to parliament in favour of Saab, Yonhap said.
South Korea hopes to secure more than 100 new fighters by 2020 to better counter threats from its neighbours. It has purchased 40 F-15Ks from Boeing and plans to buy 21 more by 2012.
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I have spent 40 years in the Aerospace Industry including a stint working for SAAB as an aircraft salesman. SAAB has lost many contracts purely because It does NOT bribe whereas competitors do. This whole Korean thing is most probably because some official did not get the backhander he wanted. It's a dog eat dog world out there. One of these days I might write a book about it.
And yes, you should most definitley write a book about it. I'll be the first to purchase it.
What is a bit stupid is that Saab are being accused of leaking information on the proposed Korean fighter. Why on earth would they leak information on a business venture they want to secure. Who would they leak it to? It'd just ridiculous. The whole accusation against the Saab Group has got a bit of a funny smell about it. As we'd say in the UK, it seems like a bit of a 'stitch up'.
Link:- www.strategypage.com/militaryforums/6-52804.aspx