Airbus Faces Fresh Bribery Settlement

PARIS (Reuters) – French authorities are in talks with planemaker Airbus that could lead to the expansion of a record multi-national bribery settlement agreed in 2020, prosecutors said on Tuesday.

French publication Mediapart reported that Airbus was facing an investigation into alleged bribery in the sale of 21 jets to Libya in 2007, part of a wider probe into links with Libya under late leader Muammar Gaddafi. Airbus declined comment. Mediapart said Airbus is close to a new settlement – known in France as a Public Interest Agreement or CJIP, which typically involves fines in return for suspending criminal charges – with the PNF financial prosecutor over past dealings in Libya.

 

This article was originally posted on USnews.com

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