Airbus Paid US$50 Million Between To Sponsor a Sports Team Jointly Owned By Two AirAsia Executives in Malaysia. Securing An Order For 180 Aircraft
Airbus Agrees to Monitoring in $4 Billion Settlement of Bribery Charges - World's largest plane maker is alleged to have made illicit payments to middlemen around the world
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February 1, 2020 - by Benjamin Katz in London and Matthew Dalton in Paris for wsj.com
- Airbus Agrees to Monitoring in $4 Billion Settlement of Bribery Charges - World's largest plane maker is alleged to have made illicit payments to middlemen around the world
Prosecutors and officials in all three jurisdictions, in detailed allegations released Friday, said the company made illicit payments for years to intermediaries to secure contracts for its planes and other products.
In one example, British prosecutors said Airbus paid $50 million between October 2013 and January 2015 to sponsor a sports team jointly owned by two AirAsia executives in Malaysia. Airbus allegedly made the payment to secure an order for 180 aircraft. An AirAsia representative wasn't immediately available for comment.
In some cases, communications related to payments were allegedly disguised using fake names and coded emails. British prosecutors say payments in one instance were referred to as "medications and dosages prescribed by Dr. Brown"—Dr. Brown being an alias for an Airbus executive and the dosages referencing invoices. In the same deal, at a different time, a senior airline executive was referred to as Van Gogh and details of the deal were referenced as his "paintings," the prosecutors said.
The U.S. also accused Airbus of violating export-control laws related to the sale of defense gear with American components. It alleged Airbus hadn't accurately disclosed political contributions, fees and commissions in connection with defense sales and had failed to maintain records of military equipment subject to U.S. export-control rules.
By agreeing to the deal, called a deferred prosecution agreement, Airbus isn't required to admit or deny specific wrongdoing, and it avoids criminal charges that would bar it from winning contracts in the U.S. and European Union...
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