United Kingdom: SFO launches probe into Bombardier for suspected bribery and corruption

Canadian aircraft maker Bombardier is under investigation by the UK’s Serious Fraud Office for suspected bribery and corruption over a deal to sell aircraft to Indonesia’s national airline nearly a decade ago.

The probe concerns Bombardier’s sale of CRJ1000 aircraft to Garuda, which was one of the deals that led to the conviction of the company’s former chief executive Emirsyah Satar for corruption.

The ex-Citi banker was sentenced to eight years in prison for corruption and money laundering after receiving bribes from groups including Airbus, Rolls-Royce and Bombardier through businessman Soetikno Soedarjo.

Mr Satar was also fined Rp1bn ($70,000) by Indonesia’s corruption court, while Mr Soedarjo received a six-year sentence and a Rp1bn fine.

The original full article can be found at ft.com

(Photo: Nicky Loh/Bloomberg)

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