§ Mr. AustinTo ask the Secretary of State for Trade and Industry what formal procedures the ECGD has for screening for evidence of corruption when underwriting contracts. [127081]
§ Mr. Caborn[holding answer 20 June 2000]: ECGD requires applicants for cover to provide details of the amount of commission payable under their contracts including to whom the repayment arrangements are made. Cases are investigated where the level of commission appears excessive for the particular contract or the payment procedures appear unusual. Cover can be refused where the exporter cannot provide proper justification for the levels of commission involved.