Airbus announced it has reached preliminary settlement deals with authorities in the US, UK and France investigating alleged fraud and bribery. It did not reveal the size of the settlements, but it put aside €3.6 billion to cover the costs.
Since 2016, UK and French authorities are investigating alleged bribery and corruption related to the company’s money transfers. In 2018, the US requested information from the UK and French investigations, amid suspicions that arms export rules could have been violated.
In its announcement, Airbus said it would pay €3.6 billion for potential penalties, once the agreement is approved by courts in the three countries.
“For legal reasons, Airbus cannot make any comments on the details of its discussions with the investigating authorities”, the statement reads.
If approved, the settlements would end four years of investigations and its executives would not have to face trial. The court hearings in each country are scheduled for 31 January.
- Advertisement -
- Advertisement -
Subscribe to our newsletter
Latest
Defense & Security
When it comes to defense, the politicians must listen to those who know best – the generals
The halls of power are walked by people who know little, care even less and yet have the right to supersede and ignore the advice of those who know better.
Zero Tolerance
Silicon Valley Bank financial contagion contained – for now
The world’s top policymakers and international financial leaders acted effectively in the days following the collapse of California’s Silicon Valley Bank. They appear to have dealt positively with the risk of wider global financial contagion.
Africa
France’s policies in Africa diminish its influence; inevitably opening the door to Russia & China
In a recent story titled "How Russia and China...
Energy
EU plan to centralize gas purchases near impossible to implement
The global gas supply market will be much tighter this year than it was in 2022. The need for the EU to buy more gas, especially more liquified natural gas, from elsewhere will be greater.
Don't miss
Defense & Security
When it comes to defense, the politicians must listen to those who know best – the generals
The halls of power are walked by people who know little, care even less and yet have the right to supersede and ignore the advice of those who know better.
Zero Tolerance
Silicon Valley Bank financial contagion contained – for now
The world’s top policymakers and international financial leaders acted effectively in the days following the collapse of California’s Silicon Valley Bank. They appear to have dealt positively with the risk of wider global financial contagion.
Africa
France’s policies in Africa diminish its influence; inevitably opening the door to Russia & China
In a recent story titled "How Russia and China...
Energy
EU plan to centralize gas purchases near impossible to implement
The global gas supply market will be much tighter this year than it was in 2022. The need for the EU to buy more gas, especially more liquified natural gas, from elsewhere will be greater.
Africa
Africa’s porous borders promote transnational crimes rather than deeper integration
For positive continental regimes to succeed, there must be both conscious and concerted efforts, as well as political will, from all states to help eliminate transnational crimes while fostering integration across the whole of Africa through trade.
When it comes to defense, the politicians must listen to those who know best – the generals
The halls of power are walked by people who know little, care even less and yet have the right to supersede and ignore the advice of those who know better.
France’s policies in Africa diminish its influence; inevitably opening the door to Russia & China
In a recent story titled "How Russia and China are trying to drive France out of Africa", what was not lost on the reader...
The end of Europe
The European Union is simply too big; it is composed of too many cultures and political perspectives; and, despite Brussels' claim that it values diversity over all other issues, this does not include a deviation from what it considers its own norms. As matters currently stand, the EU runs the risk of collapsing under its own weight.
Has Armenia killed the South Caucasus peace process?
Despite the issuance elaborate diplomatic statements detailing the various policy spheres in which discussions were held, Armenia’s prime minister, Nikol Pashinyan, publicly stated that “no concrete results” had been reached regarding a peace deal between Azerbaijan and Armenia.
How running on mainstream ideas won the day in the US midterm elections
The Democratic Party succeeded in winning the mainstream by backing candidates from the center-left and running on an agenda that made progress one of the priorities of American voters.
Election deniers still don’t know how democracy works
Trump Republicans, whose candidates lost, claim the results are inaccurate and illegitimate. Their criticism and demands, including calls for new elections, are based on misperceptions of how ballots are obtained, cast, and counted.
Miami morphs into a global business hub, can it last?
Due to Florida’s less stringent COVID restrictions, a political strategy driven by the state’s Republican governor, Florida became a vastly more attractive location for individuals able to work remotely.
Kazakhstan’s president proposes Constitutional reforms referendum
Kazakhstan’s President Kassym-Jomart Tokayev proposed on April 29 holding a referendum in the Central Asian country on the draft amendments to the Constitution and...