Friday, November 25, 2022

Airbus says reached settlement with French prosecutor on Libya, Kazakhstan bribery probe

 

PARIS, Nov 24 (Reuters) - Airbus has reached a settlement with the French financial prosecutor (PNF) concerning judicial investigations related to Libya and Kazakhstan, an Airbus spokesperson said on Thursday, confirming a report by news agency AFP.

It said the agreement is now subject to court approval.

Last month, Airbus confirmed it was negotiating a new bribery settlement with French authorities over past dealings in Libya and Kazakhstan as an extension to a settlement struck in 2020 which included record fines against the planemaker.

The initial agreement followed a four-year probe which originated in Britain and later expanded to France and the United States, shedding light on a network of middlemen and disguised payments.  

https://www.reuters.com/business/aerospace-defense/airbus-says-reached-settlement-with-french-prosecutor-libya-kazakhstan-bribery-2022-11-24/