Airbus corruption investigation opened

UK, Germany, France freeze export credit applications
An investigation into alleged “fraud, bribery and corruption” in the civil aviation wing of Airbus has been opened by the UK’s Serious Fraud Office (SFO), the BBC reports this morning.
The France-based aircraft manufacturer says it will cooperate with the investigation, which relates to allegations of irregularities regarding third party consultants. Authorities in the UK, Germany and France have already frozen export credit applications by Airbus.
The Serious Fraud Office will look at Airbus’ documentation about its use of overseas agents. Export financing is used by governments to support exporters, often by underwriting bank loans offered to overseas buyers of UK products.


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