Airbus to pay US$4bil to settle corruption probe | TheStarTV.com

Airbus to pay US$4bil to settle corruption probe

Published on 1 Feb 2020 4:30:28 PM

Airbus bribed officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record US$4bil settlement with France, Britain and the United States.

The disclosures, made public after a nearly four-year investigation spanning sales to more than a dozen overseas markets, came as courts on both sides of the Atlantic formally approved settlements that lift a legal cloud that has hung over Europe's largest aerospace group for years.

Keywords
airbus, aviation corruption, europe, france, settlement, usa

Airbus bribed officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record US$4bil settlement with France, Britain and the United States.

The disclosures, made public after a nearly four-year investigation spanning sales to more than a dozen overseas markets, came as courts on both sides of the Atlantic formally approved settlements that lift a legal cloud that has hung over Europe's largest aerospace group for years.

Keywords:
airbus, aviation corruption, europe, france, settlement, usa

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