Officials of BAE Systems Plc have told a U.S. court that a shareholder lawsuit charging illegal bribes were paid to win a Saudi arms deal worth up to $80 billion (40.4 billion pounds) should be heard by a British court, not the U.S. court.
In court papers filed late on Friday, the BAE defendants urged a U.S. federal judge to quash a suit by a U.S. pension fund with shares in BAE, Britain's top arms company. The suit charged they breached their fiduciary duties by allowing more than $2 billion in illegal bribes to Saudi Prince Bandar bin Sultan and others in the 1980s.
A lawyer for Bandar, a former Saudi ambassador to the United States who now heads Saudi Arabia's national security council, could not be reached for comment.
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