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 08:16 2017 Wednesday ,08 November

Zeina Ashour travelled after visit to Lebanon

GMT 17:15 2018 Thursday ,06 September

University of Tyumen to host Siberian legal forum

GMT 00:19 2018 Tuesday ,09 January

Hollywood stars declare war on sexual misconduct

GMT 05:51 2017 Sunday ,17 December

Madinah hosts Prince Naif International Award

GMT 17:45 2017 Monday ,20 February

Syrian teen on trial in Germany over bomb plot

GMT 13:29 2016 Thursday ,15 December

Nacional slam video ref after world club exit

GMT 04:53 2017 Wednesday ,08 February

Elissa most viewed Arab star on YouTube in 2016

GMT 13:39 2011 Wednesday ,15 June

Dubai raid on newly-upgraded Tercentenary Stakes

GMT 16:04 2017 Thursday ,24 August

Uber earning engine purrs despite bumpy road

GMT 19:05 2016 Friday ,02 September

Merkel Urges Deportation of Failed Asylum-Seekers

GMT 12:41 2017 Sunday ,19 November

Ibrahim Mahmoud Receives French Ambassador

GMT 04:50 2017 Tuesday ,03 October

Ford offers Saudi activist her dream car
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 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

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