The 10-year deal signed by the Passport Agency, part of the Home Office, was supposed to cost between £80m and £100m.
But new figures reveal the final bill for the contract with hi-tech firm Siemens is £365m - more than four times the initial quote.
As demonstrated previously by GermanyWatch, Siemens appears to win contracts by undercutting the competitors during procurement processes, knowing that they are just going to push the actual costs to many times the agreed amount. This is just one small example of many.
If you consider the hundreds of similar contracts in every region of the UK, where Siemens' costs quadruple beyond the original budget, you can see how Germany, and Siemens specifically, is a beneficiary of the huge public sector overspend, and a serious contributor to UK debt.
No doubt the Thameslink contract will go the same way, as the Edinburgh Tram contract has previously.
Siemens, with their bribery, corruption, and questionable procurement methods, should be banned outright from UK Government contracts for ten years - EU rules even support such a move. However, Siemens has just moved between E4bn-E6bn to the European Central Bank, (from French banks which they have used to finance their questionable contracts) in a thiny-veiled attempt for preferential treatment. The ECB of course, will now make sure that Siemens gets its full return in any Euro countries in trouble, hence they can afford to run up ridiculous bills with foreign Governments.
We won't even get started on the risk to security that is Siemens running our Passport system and having access to this data!
In Greece, the Greek party Pasok has called for an investigation into Siemens bribing of four ex ministers – former Defense Minister Akis Tsochatzopoulos and former Transport Minister Tassos Mantelis from PASOK, and former Finance Minister Giorgos Alogoskoufis and former Interior Minister Christos Markoyiannakis! The investigation is to review whether these minister can be held accountable on criminal charges including bribe-taking, money laundering and breach of faith. This is a blinding example of the level of German penetration in foreign governments!
We have it on reliable but unconfirmed authority, that various German firms were cleverly using French banks to finance fraudulent, inflated, Greek government contracts. Think about it.
For more details on Siemens contracts, read Data Mining Or Espionage?
For more on Siemens history, read on: