airbus chief warns of significant penalties from bribery probes
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Airbus chief warns of 'significant penalties' from bribery probes

Arab Today, arab today

Arab Today, arab today Airbus chief warns of 'significant penalties' from bribery probes

Inquiries have also been opened in France and Britain
Toulouse (France) - AFP

Airbus CEO Tom Enders said Friday that the aircraft manufacturer risked "significant penalties" following corruption probes including one into over the sale of fighter jets to Austria.

"We are currently being investigated for alleged breaches of anti-bribery and anti-corruption laws," Enders wrote in a letter to employees seen by AFP.

"We are in this situation because we decided last year to disclose the issues we had ourselves uncovered to government authorities and investigation agencies," he said, adding: "This was the right course of action."

"This is going to be a long process and there are potentially serious consequences –- including significant penalties to the company," Enders said.

An Airbus business unit in Paris reportedly built a network of shell companies linked to London-based Vector Aerospace, formerly the group's aircraft maintenance subsidiary.

Its system allowed the group to make "bribes to decision-makers in Austria" while Vienna was considering its purchase of Eurofighter military jets, German news magazine Der Spiegel reported Friday, culminating in a 15-aircraft deal worth about 1.7 billion euros ($2 billion).

Inquiries have also been opened in France and Britain, on suspicion of corruption in Airbus's UK-based civil aviation arm.

Without citing sources, Der Spiegel also reported that prosecutors were "preparing charges" against unidentified suspects over the Austria case.

"Internal investigators stumbled across more than 100 possibly corrupt payments in the three-digit millions," the magazine reported, citing anonymous sources.

But Hildegard Baeumler-Hoesl, a state prosecutor in Munich, told AFP earlier Friday that investigators had "little evidence so far of corruption".

An Airbus spokesperson told AFP that the Spiegel report was "not based on any declaration or disclosure by the public prosecutor."

Austrian authorities are also investigating Airbus after bringing charges in February, claiming the company paid out 183 million to 1.1 billion euros in under-the-table "commissions".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

airbus chief warns of significant penalties from bribery probes airbus chief warns of significant penalties from bribery probes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

airbus chief warns of significant penalties from bribery probes airbus chief warns of significant penalties from bribery probes

 



GMT 05:57 2017 Tuesday ,29 August

Indonesia explores new, alternative tourism markets

GMT 12:19 2016 Thursday ,08 December

Kirk Douglas at 100, still in love

GMT 17:27 2017 Thursday ,05 October

Major Bowie exhibition to close in New York

GMT 00:13 2016 Friday ,10 June

After 11-month peak, oil prices take a breather

GMT 05:31 2017 Sunday ,05 November

Mexico makes 'major' 1.5-bn barrel oil find

GMT 04:11 2017 Thursday ,20 April

And the world’s ‘most beautiful woman’ is

GMT 11:40 2017 Thursday ,27 April

UN eyes new Yemen talks by end of May

GMT 05:19 2016 Saturday ,31 December

UAE tightens security for New Year celebrations

GMT 18:27 2017 Wednesday ,15 February

India should give Kashmiris right to self-determination

GMT 04:26 2017 Saturday ,26 August

Hany refuses $30000 offer to sing in Damascus

GMT 12:52 2017 Monday ,06 March

Air pollution linked to 600,000 deaths

GMT 01:14 2017 Friday ,17 November

Yemeni official says diabetics increased in Yemen

GMT 00:04 2017 Wednesday ,20 December

Kuwaiti cabinet sworn in before National Assembly

GMT 14:40 2015 Thursday ,08 October

Carlyle, Pictet launch fine art finance service

GMT 10:55 2015 Sunday ,06 December

Azerbaijan mourns 'many deaths' after oil rig fire
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday