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UK opens corruption probe into Airbus jet sales
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

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