Airbus fined for violations during the deal with Austria

11 February 2018, 01:11 | Economy
photo GIGAMIR
Text Size:

Concern Airbus was accused of lack of proper control over cash flows during the sale of 18 Eurofighter Typhoon fighters in Austria in 2003. The Munich prosecutor's office imposed a large fine on the company Airbus Defense and Space in connection with the sale of Austria fighter Eurofighter. Airbus, in turn, agreed to a fine of EUR 81.25 million. This was reported by the press service of the Prosecutor's Office on Friday, February 9. The investigation began in 2012. Its figures were the employees of EADS Deutschland and other persons associated with this company and the sale of 18 Eurofighter Typhoon fighters of Austria in 2003. The case was opened, among other things, on suspicion of "bribing representatives of the authorities of another country" during the deal. In 2014, EADS was renamed Airbus Defense and Space. In February 2017, Austria sued in Vienna against Airbus Defense and Space GmbH and Eurofighter Jagdflugzeug GmbH. However, the investigation with the participation of Austrian law enforcement agencies did not reveal any evidence of bribery. Instead, the investigators found that during the transaction, funds received from EADS by Vector Aerospace and City Chambers Limited were "mostly used for unclear purposes, bypassing internal control" and without appropriate confirmation. It's a multi-million dollar sum, the prosecutor's office says.. In this regard, Airbus is accused of lack of proper control over cash flows.

The prosecutor's office notes that Airbus's willingness to cooperate helped the investigation progress, which suggests that the company will not make such mistakes in the future. Earlier it was reported that Airbus is developing a new generation fighter that should replace the Eurofighter Typhoon. The new aircraft still appears under the name Future Combat Air System. News from Correspondent. net in Telegram. Subscribe to our channel https: // t. me / korrespondentnet Source: Russian Service Deutsche Welle.

Original article: Airbus fined for violations during the deal with Austria.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer