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Page last updated at 07:03 GMT, Thursday, 1 October 2009 08:03 UK

BAe corruption charges 'likely'

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The Serious Fraud Office (SFO) is announcing that it intends to prosecute Britain's biggest defence contractor BAe systems for corruption.

It is expected to demand the confiscation of a sum of between £500m and £1bn. Andrew Hosken reports on the breakdown of talks after the company refused to plead guilty to bribery charges and pay a significant sum in confiscation.

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