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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

How much did the SFO spend investigating Airbus?

As part of Airbus’ $4 billion global settlement last month with U.S., UK, and French authorities, the company agreed to reimburse costs the UK Serious Fraud Office incurred during its investigation.

The Serious Fraud Office DPA ordered Airbus to disgorge €586 million ($647 million) and pay a penalty of €398 million ($439 million).

The DPA also requires Airbus to pay “reasonable costs” of the SFO’s investigation, an amount the agency set at €7 million ($7.7 million).

From the SFO deferred prosecution agreement with Airbus:

The SFO and Airbus agree that Airbus will pay the reasonable costs of the SF0’s investigation and of entering into this Agreement in the amount of €6,989,401 to the SFO. Airbus will pay this sum to the SFO within 30 days of the Court’s declaration under Schedule 17 Sections 8(1) and (3) of the Crime and Courts Act 2013 and, subject to paragraph 25 below, failure to do so will constitute a breach of this Agreement. The payment of costs is final and shall not be refunded.

With a total UK settlement of over $1 billion, the SFO had a return of 14,185 percent of the money it spent during the investigation.

The full DPA can be downloaded here.

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