Australia tries to reign in corruption on A$50 billion submarine purchase
Australia has an A$50 billion (USD 38 billion) contract to build 12 submarines with a French company. Australia’s biggest-ever capital project will siphon billions in taxpayer dollars to a foreign entity (DCNS, now the Naval Group) which is embroiled in bribery allegations, construction could stretch to 2050, and no single agency exists to conduct a …