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  Airbus to pay record £3bn in fines for 'endemic' corruption

  

  theguardian.com

  UK court sanctions fines after firm admits using agents across world to bribe officials to land high-value contractsAirbus, Europe’s largest aerospace multinational, is to pay a record £3bn in penalties after admitting it had paid huge bribes on an “endemic” basis to land contracts in 20 countries.Anti-corruption investigators hailed the result as the largest ever corporate fine for bribery in the world after judges declared that the corruption was “grave, pervasive and pernicious”. Continue reading...

  airbus airline industry business corporate governance law serious fraud office

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  'We look like fools': UK-US ties threatened by corruption case row

  

  theguardian.com

  Exchanges show how American prosecutors stymied British efforts to extradite key suspectBritish anti-corruption investigators accused their...

  Exchanges show how American prosecutors stymied British efforts to extradite key suspectBritish anti-corruption investigators accused their US counterparts of deceiving them during a row over a criminal inquiry that threatened cooperation between the countries and prompted the UK to complain that “we look like fools”.The extraordinary dispute is laid bare in a series of confidential exchanges, seen by the Guardian, between senior levels of...

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  Record bribery fine fuels Airbus loss of €1.4bn

  

  theguardian.com

  Aircraft maker reports record deliveries but bumper year offset by €3.6bn set aside to cover corporate...

  Aircraft maker reports record deliveries but bumper year offset by €3.6bn set aside to cover corporate finesAirbus has slumped to a €1.4bn (£1.17bn) annual loss after receiving record fines for bribery, but raised its dividend as aircraft deliveries hit an all-time high.The commercial aircraft maker’s 2019 loss contrasts with a net profit of €3.1bn the previous year. Continue reading...

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  Airbus to Pay $4 Billion to Settle Corruption Inquiry

  

  nytimes.com

  The airplane maker will pay penalties in France, Britain and the United States, lifting legal hurdle...

  The airplane maker will pay penalties in France, Britain and the United States, lifting legal hurdle as it competes with rival Boeing.

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