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June 18th, 2012 
FAKE NEWS for the Zionist agenda The chiefs of biggest oil and arms firms, snubbed an invitation from MPs investigating the Export Credits Guarantee Department’s (ECGD) loans to help such companies as BAE Systems, which is ECGD’s biggest customer, sell their products to questionable clients.
ECGD [now known as UK Export Finance (UKEF)] has been dubbed the “department for dodgy deals” by Jubilee Debt Campaign activists for its loans to parties that traditional lenders will reject over human rights or environmental concerns.
Along with BAE Systems, which used credits from ECGD for the notorious al-Yamamah “oil for arms” deal with Saudi Arabia, the French-owned arms group Thales, Carillion, the largest provider of specialist services for management of defense facilities and British oil giant BP refused to attend inquirers from the all-party parliamentary group on international corporate responsibility.
BAE systems had earlier faced bribery and corruption allegations for the contract to sell Tornado and Eurofighter aircraft to Saudi Arabia and only escaped the inquiry with the intervention of former PM Tony Blair.
The all-party inquiry was launched after repeated calls by the Jubilee Debt Campaign group.
“In recent years companies with allegations of corruption against them have been given support, while campaigners have had to use separate channels to hold companies to account for failing their human rights obligations,” director of the group Nick Dearden earlier said.
AMR/MA/HE
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