A file photo of an Airbus A350-1000 at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France June 18, 2019. – Reuters
PARIS/LONDON/WASHINGTON (Reuters): Airbus bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday (Jan 31) as the European planemaker agreed a record US$4bil settlement with France, Britain and the United States.
The disclosures, made public after a nearly four-year investigation spanning sales to more than a dozen overseas markets, came as courts on both sides of the Atlantic formally approved settlements that lift a legal cloud that has hung over Europe's largest aerospace group for years.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
