Munich Prosecutor Fines Airbus to Conclude Bribery Investigation

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Airbus has agreed to pay a $99.5 million (€81.25 million) fine to conclude a six-year-old investigation by the Munich Public Prosecutor into allegations of bribery involving a 2003 sale of Eurofighter Typhoons to Austria, the company announced on 9 February.

The settlement allows Airbus to resolve the investigation with no finding that the company had bribed Austrian officials directly or through intermediaries to select the Typhoon over other bidders.

Instead, the public prosecutor charged the fine to Airbus on an administrative misdemeanor, the company says. The notice says that the former management of Airbus Defence and neglected their supervisory duty to prevent employees from “making payments to business partners without proven documented services in exchange”, Airbus says.

Read the original article here: flightglobal.com


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