Government, Thales Must Pay For Bribes In Taiwanese Frigate Deal
June 13 2011
The French government and defense firm Thales said they will pay Taiwan a court-ordered fine after losing an appeal in a case involving bribes to win a deal to sell Lafayette-class frigates, reports the China News Agency.
Last week's ruling brings to an end to a lengthy dispute between France and Taiwan over commissions paid on the US$2.8 billion deal for six frigates, now known as the Kang Ding class.
An international court of arbitration ruled in April 2010 that the French...
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