The European aerospace and defense group Airbus has slipped to the multi-billion dollar fines due to allegations of corruption in a Minus. The group announced on Thursday in Toulouse, fell in fiscal year 2019, a deficit of almost 1.4 billion euros. In the year 2018, the net profit was over 3 billion Euro.
According to an agreement with the authorities of the European aircraft had consented to the farmer, together € 3.6 billion in France, the UK and the USA pay. Airbus had a bribe at the end of January in the investigations and corruption allegations in France, the United Kingdom and the United States in the multibillion-dollar compromise agreed. For years, studies had set the air travel group with a control centre in Toulouse, France, under pressure.
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Airbus will pay penalties in the billions
In France, the lion’s share of the penalty has become due, – namely 2.1 billion euros. In the UK the fine is not more than 984 million euros, the USA should just get to 526 million euros. The former German CEO Thomas Enders had already agreed to in the past, the staff of the Aeronautics and space group to the possibility of “significant penalties” in. The trigger for the investigation is a self-indictment of the company. The authorities investigated, among other things, allegations of bribery in connection of the slope with contracts for the sale of civilian aircraft and satellites.
“Airbus has operated over several years of a massive corruption system, in order to promote his business interests through bribes in China and other countries, and to conceal the bribes,” had notified the U.S. Department of justice. To this end, Airbus had to know, for example, “knowingly and intentionally” payments to a business partner in China made, which had been intended as bribes for government officials and the disguises would have been the reproach of the Ministry.
condemnation avoided
It had taken “far-reaching reform steps for exclusion of repeat cases”, had Airbus announced after the agreement then. “The (…) reached a very important milestone for us. They allow Airbus to now look forward and continue to grow sustainably and responsibly,” said Airbus CEO Guillaume Faury at the time. With the comparison the group was able to avoid a conviction – this would have had serious consequences.
Record-breaking storm: jet stream, storm Victoria in the direction of Europe catapulted PCP Record-breaking storm: jet stream, storm Victoria in the direction of Europe
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