August 7, 2016 / 6:10 PM / a year ago

UK opens corruption probe into Airbus jet sales

PARIS, Aug 7 (Reuters) - Britain’s Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday.

The move comes three months after a UK government agency suspended the issue of export credits to Airbus, citing discrepancies in declarations by the planemaker on the use of third-party intermediaries during jet sale negotiations.

In a statement on Sunday, Airbus Group said it had been notified that the SFO had opened a probe, and that the company was continuing to cooperate with the UK fraud police.

Reporting by Gus Trompiz; Editing by Kevin Liffey

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below