Los Angeles Times|Apr 7, 2009| Former FBI chief defends flow of money to Saudi ambassador

By Tom Hamburger and Josh Meyer

WASHINGTON — Former FBI Director Louis J. Freeh says $2 billion that flowed from a British arms manufacturer to U.S. bank accounts controlled by Prince Bandar bin Sultan, then Saudi ambassador to the U.S., was not a bribe, but was instead part of a complex barter involving the exchange of Saudi oil for British fighter jets.

The transfer of funds to accounts at Riggs Bank in Washington, D.C., has come under scrutiny as the Justice Department continues an international corruption investigation involving British arms manufacturer BAE Systems. Freeh, who is now a lawyer and consultant for Bandar, made his comments to the Public Broadcasting Service for a “Frontline” documentary to be broadcast this evening. Bandar is now a national security advisor to the Saudi king. He has denied any wrongdoing, as have other Saudi officials.

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