Saturday, February 01, 2020


Airbus, Europe’s largest aerospace multinational, is to pay a record £3bn in penalties after admitting it had paid huge bribes on an “endemic” basis to land contracts in 20 countries.

The plane-maker agreed to pay the penalties  after reaching settlements with investigators in the UK, France and the US to end inquiries that started four years ago.  The company had paid bribes in Malaysia, Sri Lanka, Indonesia, Taiwan and Ghana between 2011 and 2015. French prosecutors examined bribes to other countries including China, Japan, Russia, Kuwait, Brazil and Turkey.

Surely, that is the biggest bribe of them all to end investigations and permit those who bribed and those who were bribed to go free?

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