CONTENT PREVIEW
Industry

Airbus reaches EUR3.6 billion agreement with authorities over bribery allegations

29 January 2020
Follow

Airbus has reached an agreement in principle with authorities in France, the United Kingdom, and the United States regarding allegations of bribery, corruption, and inaccurate filings made against the manufacturer.

This settlement is with regards to investigations under way by the French Parquet National Financier (PNF), the UK Serious Fraud Office (SFO), and US authorities, all of which have reached an agreement in principle with Airbus, which will potentially have to pay penalties of EUR3.6 billion (USD3.96 billion) to the three countries.

Allegations include bribery and corruption in the UK and France, as well as inaccuracies in filings made with the US authorities regarding the country's International Traffic in Arms Regulations (ITAR) that govern the transfer of military technologies.

Want to read more? For analysis on this article and access to Jane's unrivalled data and insight, learn more about our subscription options at janes.com/products





(144 of 241 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT