Airbus – how UK and France learned to investigate and sanction international corruption
/Airbus is yet another company that resolved its corruption out of the court. But buying a good ethical standing is becoming more complex. After all, time when the US was the only country offering a settlement to a French company has passed. Paying massive bribes in China to sell aircraft interests many countries. Escaping prosecution is newly for sale in other countries as well. And the fact that France, UK, and US were able to sell Airbus a £3 billion settlement shows that this is a lucrative business.
Airbus found suspicious activities in its International Marker Development projects. They tried to clean some problems. Yet, they did not tell to the prosecutors. Only after the UK Export Finance started asking questions, Airbus disclosed matters of concern to the Serious Fraud Office (SFO) in April 2016. In a judgement approving the deferred prosecution agreement (DPA) between the SFO and Airbus, the UK Judge called it “a slow start”.
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