airbus chief warns of significant penalties
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'

Arab Today, arab today

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

Airbus chief executive Tom Enders
Toulouse (France) - AFP

Airbus CEO Tom Enders warned Friday that the aircraft manufacturer could face "significant penalties" relating to ongoing corruption probes including one into 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".

Bavarian investigators have been looking into the Airbus since 2012, and the corruption probe over the sale of jets to Austria will "soon be over," she said.

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".

Austrian Defence Minister Hans Peter Doskozil accused Airbus and the Eurofighter consortium deliberately misleading Vienna about the purchase price, delivery times and technical equipment of the 18 Eurofighter jets.

Last month, Airbus denied the accusations, with a lawyer for the company calling them "factitious and legally groundless".

"As the process unfolds we are likely to face frequent media coverage," Enders said in his letter to employees, while also warning against "leaks and attempts by individuals with vested interests to discredit top management by spreading false allegations."

"In other words, prepare for turbulent and confusing times," he wrote.

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 airbus chief warns of significant penalties

 



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 airbus chief warns of significant penalties

 



GMT 09:32 2018 Wednesday ,12 December

Huawei CFO gets bail; China detains ex-Canadian diplomat

GMT 10:31 2016 Friday ,23 September

Shanghai diner closes day after getting Michelin star

GMT 12:21 2018 Wednesday ,28 November

BisB silver partner of World Islamic Banking Conference

GMT 10:09 2016 Thursday ,07 July

Gareth Bale and Wales eager to build

GMT 08:52 2017 Friday ,28 April

Lecture on pearl oysters held

GMT 03:09 2017 Thursday ,31 August

July24th-August23rd

GMT 03:04 2017 Sunday ,04 June

October24th-November22nd

GMT 10:25 2018 Friday ,07 December

Venezuela inks deals worth six bn dollars with Russia

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 08:30 2017 Saturday ,05 August

FBMA Summer Camp for Girls

GMT 18:06 2017 Sunday ,06 August

Ayana routs rivals to take world title

GMT 06:12 2017 Saturday ,06 May

PTA awards Uber ‘Certificate of Alignment’
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