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

BAe corruption charges 'likely'

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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