§ Lord Lester of Herne Hillasked Her Majesty's Government:
Whether the allegations in the Financial Times article on bribery controls, published on 18 October, are well founded; and, if not, what is the true position. [HL4498]
§ Lord Sainsbury of TurvilleThe Export Credits Guarantee Department's procedures to combat bribery and corruption remain robust.
Following the coming into force of its new bribery and corruption procedures on 1 May, ECGD and DTI officials have held discussions with customers and their trade bodies who made representations about 209WA their implementation. These discussions continue with a view to resolving issues surrounding the details and practical application of aspects of the procedures.
When these discussions are complete the final procedures will be published.
§ Lord Lester of Herne Hillasked Her Majesty's Government:
Whether the Export Credits Guarantee Department has refused cover for any company during the past five years because they have received evidence of bribery or corruption. [HL4499]
§ Lord Sainsbury of TurvilleAll applications for cover during the period have been assessed against ECGD's rigorous criteria to identify evidence of bribery or corruption and none have been refused for the reason set out.