Airbus: Bribery and Corruption
January 31st, 2020Via: Guardian:
Airbus has agreed a settlement with French, British and US authorities over investigations into allegations of bribery and corruption that could result in the aerospace group paying fines worth billions of pounds.
The investigations concern allegations of fraud, bribery and corruption in the group’s civil aviation arm, particularly relating to irregularities concerning middlemen, or “third-party consultants”.
A settlement would remove a significant source of financial uncertainty hanging over Airbus, the world’s second largest aerospace manufacturer after its US rival Boeing.
“Airbus confirms that it has reached agreement in principle with the French Parquet National Financier, the UK Serious Fraud Office and the US authorities,” the aerospace group said.
