Concealed government subsidies
Other Names: Bribery by government
Incidence: As an example, the UK government deliberately concealed from the European Commission, Parliament and the general public, details of a Â£38 million "sweetener" given secretly to British Aerospace to encourage them to purchase the Rover Group as part of the government's privatization programme. This effectively allowed Rover to be purchased at Â£100 million less than the market value, which was arranged by discouraging other potential purchasers.
Problem Type: D: Detailed problems
Date of last update 29.09.2002 – 00:00 CEST