Fire battle between Thales and its former business partner in the Gulf
French defence group Thales is being sued by its former agent in the Gulf, Nabil Barakat, in a bitter battle being played out in the US courts alongside a parallel arbitration between the two parties. Businessman Barakat, who is claiming more than $1 billion from the company, is hoping to scare Thales by playing the anti-corruption card which could have the feared U.S. Department of Justice (DoJ) on its case too.
After Barakat affair, Thales carries out anti-corruption purge in the Gulf
According to our sources, French defence conglomerate Thales has sacked several key executives in the United Arab Emirates and other parts of the Gulf due to their alleged association with Nabil Barakat, a former agent who had sued the company. [...]
Thales' former agent for the Gulf ready to tell all about former client's marketing and sales modus operandi
The battle between Thales and its former Gulf agent, Wamar International, is getting personal. Wamar boss Nabil Barakat's attacks are increasingly aimed directly at the French group's Middle East sales director Jean-Marc Budin. [...]