EIR has just released the first report in its ongoing investigation into the BAE Systems/Saudi Prince Bandar scandal which broke publicly on BBC on June 6^th.

The scandal surrounds payments, worth more than US$2 billion, overseen by the British Ministry of Defence, from BAE to Prince Bandar.

The payoffs allowed BAE to secure huge Saudi defence contracts, in return for which the Saudis provided Britain with one tanker (approx. 600, 000 barrels) of oil per day!

EIR has calculated that in monetary terms, Britain got the better end of the exchange by more than double. EIR's investigation centres on what that resulting British slush-fund was used for. The answer to that question betrays the modus operandi of the British/Anglo-American Empire going back to the days of the British East India Company.

Click here to read the report "Scandal of the century rocks British Crown and the City".