KUALA LUMPUR, Feb 4 — The Employees Provident Fund (EPF) dumped close to eight million of its shares in AirAsia Group Berhad just days before news reports emerged implicating the local budget carrier in a bribery allegation involving French plane maker Airbus. Bursa Malaysia announced the shares...
Tuesday, 04 Feb 2020 04:57 PM MYTFile picture shows Prime Minister Tun Dr Mahathir Mohamad witnessing Air Asia Executive Chairman Datuk Kamarudin Meranun and Airbus Chief Executive Guillaume Faury at the signing of a joint venture agreement between Airbus and Air Asia Group, August 30, 2018. — Bernama pic
The EPF, which oversees RM1 trillion worth of assets, now holds a 6.29 per cent stake in the company. It retains 210.4 million shares after the disposal.Britain’s Serious Fraud Office announced last Friday that Airbus had entered a Deferred Prosecution Agreement over a corruption case involving a 2012 sponsorship deal between the now-defunct racing team and Airbus’ then parent company, EADS.
British prosecutors claimed Airbus had paid the sum to sponsor a sports team jointly owned by two unnamed executives.
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EPF dumped nearly 8 mil AirAsia shares before bribery claims emergedThe retirement fund disposed of 7.92 million shares in the low-cost carrier in the past week. FMTNews EPF AirAsia
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EPF dumped nearly 8 mil AirAsia shares before bribery claims emergedThe retirement fund disposed of 7.92 million shares in the low-cost carrier in the past week. FMTNews EPF AirAsia
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