Airbus shatters the FCPA top ten
Harry Cassin
February 3, 2020
Airbus SE smashed our top ten list Friday with a $2.09 billion FCPA settlement with the U.S. Department of Justice, sending it straight to number one.… Continue Reading
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Posts Tagged: Airbus
Airbus rivalry may have led Boeing’s 737 Max to a fatal crash
Caterina Bulgarella
March 25, 2019
As news of potential mishandling in the development, certification, and pilot training for Boeing’s 737 Max continues to percolate, the possibility that both the crashes of Ethiopian Airlines flight 302 and Lion Air flight 307 could have been avoided looms increasingly large.… Continue Reading
Airbus graft probe spreads to United States
Richard L. Cassin
November 2, 2017
Airbus Group SE, already under investigation in the UK and France for suspected corruption, said in a company release Tuesday that it found “inaccuracies in filings” made with the U.S. Department of State under the International Traffic in Arms Regulations.… Continue Reading
Susan Hawley: Is Airbus a repeat of the BAE-Al Yamamah fiasco?
Susan Hawley
October 24, 2017
The UK Serious Fraud Office has been investigating corruption allegations against Airbus subsidiary GPT on a Saudi contract overseen by the UK Military of Defense. The case has alarming similarities with the BAE-Al Yamamah case from a decade ago.… Continue Reading
Selva Ozelli: IRS joins fight against corruption in offset trade deals
Selva Ozelli
May 31, 2017
Bill Steinman recently wrote a post for the FCPA Blog about compliance risks in offset obligations. I’d like to continue that discussion, this time with some information about international cooperation to clean up offset transactions, and how the U.S.… Continue Reading
French authorities join Airbus bribery probe
Richard L. Cassin
March 17, 2017
Airbus Group SE said Thursday that French investigators have opened a preliminary investigation into allegations of fraud, bribery, and corruption in the company’s civil aviation business.
France’s financial crimes investigator — the Parquet National Financier — is investigating the same allegations already being probed by the UK Serious Fraud Office.… Continue Reading
SFO confirms Airbus bribe probe
Richard L. Cassin
August 8, 2016
The UK Serious Fraud Office said Monday it has opened a criminal investigation into allegations of fraud, bribery, and corruption in the civil aviation business of Airbus Group.
The SFO issued a short statement saying “the allegations relate to irregularities concerning third party consultants.”… Continue Reading
Germany probes Airbus for bribery
Richard L. Cassin
December 4, 2014
Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.
Several employees of Airbus Defence and Space, formerly EADS, are the targets of the investigation.… Continue Reading
Will GPT be the SFO’s next BAE?
Alistair Craig
October 15, 2014
The Financial Times reported Friday that anti-corruption groups, (Global Witness, Transparency International and Corruption Watch) had written to the Prime Minister and the Director of the Serious Fraud Office raising concerns about the integrity of the SFO’s investigation into the sale by GPT Special Project Management, an Airbus subsidiary, of communications equipment to the Saudi National Guard.… Continue Reading
SFO arrests four Airbus employees in Saudi Arabia bribe probe
Richard L. Cassin
July 10, 2014
Airbus Group NV said Wednesday the UK Serious Fraud Office questioned some of its employees as part of an investigation into possible corruption at a subsidiary.
“Airbus Group understands that four former and current employees were recently interviewed — along with [Ministry of Defense] officials — as part of a wide ranging SFO investigation into subsidiary GPT,” an Airbus spokesperson said in a statement emailed to Bloomberg.… Continue Reading