Thursday, February 25, 2021

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Explainer – The 1980s Air Canada Airbus Bribery Scandal

In July of 1988, Air Canada purchased 34 Airbus A320s at a total cost of C$1.8 billion, or US$1.5 billion at the time. The deal also included parts for the aircraft. The deal would subsequently be plagued by a great deal of...

Investors sue Airbus over corruption scandal, securities fraud

Airbus SE was sued on Thursday by shareholders who accused the European planemaker of securities fraud for misleading them about its ability to avoid and manage corruption accusations over nearly 4-1/2 years. The proposed class action was filed by shareholder...

UK’s SFO charges Airbus unit in Saudi corruption probe

The U.K.’s Serious Fraud Office charged a unit of Airbus SE and three individuals as part of its investigation into allegations of corruption in Saudi Arabia. GPT Special Project Management Ltd., former Managing Director Jeffrey Cook, and John Mason, the...

Kuwait parliament launch investigation into Airbus deal bribery claims

Kuwait's parliament on Wednesday formed a fact-finding panel to probe alleged kickbacks in a deal between the national carrier and Airbus, which last month paid massive fines to settle bribery scandals. The parliament's decision came after a special debate on...

India probes $20 million payment linked aircraft purchase in Airbus bribery scandal

Indian officials have intensified a probe into whether a $2.2 billion Airbus SE jetliner sale to a state-owned airline involved bribes, according to a person directly involved in the investigation. India’s Enforcement Directorate is inspecting a payment of Rs1.42 billion...

Colombia raids Avianca offices in ticketing malpractices probe, possible link to Airbus bribery scandal

Colombia's attorney general's office searched the offices of embattled Avianca on Wednesday as part of an investigation into alleged irregular ticketing practices. Officials originally told journalists the search was connected to an investigation into an alleged bribery scheme involving European manufacturer...

Malaysian PM dismisses bribery allegations linking AirAsia to Airbus scandal

The Prime Minister of Malaysia Mahathir Mohamad said today that payments to offset high-value orders could not be considered bribes. Mahathir was responding to questions from reporters on a controversial sponsorship deal the owners of Air Asia struck with plane...

Ghana’s parliament rejects request to investigate Airbus bribery scandal

The request for the probe was made by the Assin South MP, Rev. John Ntim Fordjour, who wanted a full-blown parliamentary inquiry into the matter. “Mr. Speaker, with due regard for the diligent commitment exhibited by President Akufo-Addo in respect...

Kuwait open to information on Airbus activities in global bribery scandal

Kuwait’s anti-corruption authority (NAZAHA) said on Thursday it was open to receiving any information about alleged bribes paid to secure Airbus (AIR.PA) plane orders involving Kuwaiti parties, according to the state news agency. NAZAHA’s investigations spokesman, Mohammad Bo-Zober, was quoted...

Nepal airlines officials linked to Airbus global bribery scheme

Airbus, the European aerospace company, paid at least 340,000 euros in bribes to Nepali businessmen and officials in order to secure contracts for two narrow-body Airbus A320 jets for Nepal Airlines Corporation, according to a settlement document released by...

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Former Shell employees involved in fuel theft charged with bribery

Three former Shell Eastern Petroleum employees who are accused of being involved in a scheme to steal fuel from...
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