AIRBUS HIT WITH EUR3.6 BILLION IN COMBINED UK, US AND FRENCH FINES
January 1st, 2020
Airbus is to pay out EUR3.6 billion (USD4 billion) under a trio of deferred prosecution agreements (DPAs) with British, French and United States authorities that were simultaneously agreed by national courts January 31 as part of a global resolution over bribes to clinch civil and military aircraft sales. In what one French prosecutor, Eric Russo, described as the “massive practice of corruption at the heart of the company”, Airbus used external consultants to bribe officials in Brazil, China, Colombia, India, Japan, Kuwait, Mexico, Nepal, Russia, Saudi ...
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