Airbus agrees deal on bribery investigations in UK, US and France

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The European aerospace group is likely to pay large fines to end inquiries by Britain's SFO fraud investigation unit and other authorities.

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Airbus has said it has agreed a settlement with French, British and US authorities over investigations into allegations of bribery and corruption, reports The Guardian.

“Airbus confirms that it has reached agreement in principle with the French Parquet National Financier, the UK Serious Fraud Office and the US authorities,” the aerospace group said.

“These agreements are made in the context of investigations into allegations of bribery and corruption as well as compliance with the US International Traffic in Arms Regulations (ITAR). They remain subject to approval by French and UK courts and US court and regulator,” it added.

Airbus said it could not comment on precise details regarding its talks with the investigating authorities.

Read more of this report from The Guardian.

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