AP

Airbus to pay $16 million fine, end French corruption probe

Nov 29, 2022, 8:47 PM | Updated: Nov 30, 2022, 10:49 am

FILE - The logo of Airbus group is displayed in Toulouse, south of France, on July 9, 2020. A Paris...

FILE - The logo of Airbus group is displayed in Toulouse, south of France, on July 9, 2020. A Paris court on Wednesday Nov. 30, 2022 approved an agreement under which Airbus will pay a 15.8 million euro ($16.3 million) fine to end a corruption probe focusing on sales to Libya and Kazakhstan over a decade ago, French financial prosecutors said. (AP Photo/Manuel Blondeau, File)

(AP Photo/Manuel Blondeau, File)

PARIS (AP) — A Paris court on Wednesday approved an agreement under which Airbus will pay a 15.8-million-euro ($16.3 million) fine to end a corruption probe focusing on sales to Libya and Kazakhstan over a decade ago, French financial prosecutors said.

The agreement comes as an extension to a previous deal in 2020 that led Airbus to pay a record fine of 3.6 billion euros to France, the U.S. and Britain, prosecutors said in a statement .

Prosecutors said Wednesday’s decision focuses on bribery in relation with the sale of commercial aircraft, helicopters and satellites to Libya and Kazakhstan, mostly between 2006 and 2011. It follows the same formula used during the first investigation that led to the 2020 deal, they added.

At the time, French prosecutors had said the agreement was unprecedented because of its scale and the fact that it had been arranged with three countries.

Airbus said in a statement that the new agreement covers “past matters relating to the use of intermediaries in sales campaigns prior to 2012.”

The company has taken “significant steps since 2016 to reform itself by implementing a benchmark compliance system underpinned by an unwavering commitment to integrity and continuous improvement,” it said.

The 2020 agreement was reached after federal prosecutors in the U.S. alleged that Airbus ran a years-long corruption campaign across the world, using bribes and falsely reporting information for more than five years to gain valuable licenses to export U.S. military technology.

British and French authorities were investigating allegations of fraud and bribery related to Airbus’ use of outside consultants to sell planes. U.S. authorities were also investigating Airbus’ compliance with American arms trafficking regulations.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Image: Republican presidential candidate former President Donald Trump speaks at a Get Out The Vote...

Associated Press

Supreme Court agrees to decide if Trump can be prosecuted for election interference

The Supreme Court has agreed to decide whether the former president can be prosecuted on charges he interfered with the 2020 election.

1 day ago

mcconnell...

Michael Tackett, The Associated Press

McConnell will step down as the Senate Republican leader in November

McConnell said he plans to serve out his Senate term, which ends in January 2027, “albeit from a different seat in the chamber.”

2 days ago

Image: This combo image shows President Joe Biden, left, on Jan. 5, 2024, and Republican presidenti...

Associated Press

Trump, Biden won Michigan: but ‘uncommitted’ votes stick out

Early results from Michigan highlighted some of the two candidates' biggest political vulnerabilities ahead of the November general election.

2 days ago

An entrance to a Macy's store in the mall. (File photo: Ted Shaffrey, AP)...

Associated Press

Macy’s to close 150 stores as sales slip, pivot to luxury with Bloomingdale’s locations

Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday.

2 days ago

Image: Former President Donald Trump, with lawyers Christopher Kise and Alina Habba, attends the cl...

Associated Press

Donald Trump appeals $454M judgment in New York civil fraud case

The former president is challenging that he lied about his wealth as he grew the real estate empire that launched him to stardom.

4 days ago

lily gladstone...

Jake Coyle, The Associated Press

‘Oppenheimer,’ Lily Gladstone win at 30th Screen Actors Guild Awards

Gladstone won Saturday and the crowd erupted. Stone, too, stood and vigorously applauded. Her win would be a first for Native Americans.

5 days ago

Airbus to pay $16 million fine, end French corruption probe