​​​
  1. Airbus to pay over $98million to settle German corruption probe

Airbus to pay over $98million to settle German corruption probe

The European aviation and defence company Airbus confirmed on Friday that the German prosecutor has terminated an investigation against the company on bribery allegations.

By: | Berlin | Published: February 10, 2018 1:39 AM
Airbus, German corruption probe, german, german aviation sector Airbus has accepted a penalty notice issued by the Munich Public Prosecutor. (Reuters)

The European aviation and defence company Airbus confirmed on Friday that the German prosecutor has terminated an investigation against the company on bribery allegations.

Airbus has accepted a penalty notice issued by the Munich Public Prosecutor and agreed to pay over $98 million, it said in an announcement, reports Xinhua.

The investigation on alleged bribery related to the sale of Eurofighter aircraft to Austria started in 2012. And the result of the investigation “did not confirm the allegations of bribery,” said the statement.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top