NSTworld: Airbus agreed on Friday to pay a record US$4 billion (RM16.4 billion) in fines after reaching a plea bargain with prosecutors in Britain, France and the United States over alleged bribery. AirAsia TonyFernandes
Airbus agreed on Friday to pay a record US$4 billion in fines after reaching a plea bargain with prosecutors in Britain, France and the United States over alleged bribery and corruption stretching back at least 15 years.
Prosecution documents agreed by Airbus detailed a global network of agents or middlemen in transactions across the group’s business and run from a cell in Paris where the group had part of its headquarters, split between France and Germany. “We would not harm the very companies that we spent our entire lives building up to their present global status.”
President Nana Akufo-Addo’s office said Ghana would “conduct a prompt inquiry to determine the complicity or otherwise of any Ghanaian government official, past or present.” The payments were thwarted by a freeze on agent commissions as Airbus tightened processes in 2014, they said.
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