Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Airbus confirms bribery settlement talks over Kazakhstan, Libya

Airbus confirms bribery settlement talks over Kazakhstan, Libya

Airbus (AIR.PA) confirmed on Friday it is negotiating a new bribery settlement with French authorities over past dealings in Libya and Kazakhstan on top of record fines agreed in 2020.
The disclosure in accounting notes published on Friday came after prosecutors said earlier this week they were in talks with Airbus to settle unspecified matters similar to the earlier case, involving widespread bribes paid over several years.

In notes with quarterly results, Airbus repeated it was co-operating fully with French authorities on investigations related to Kazakhstan and Libya.

In Friday's update, it added these two probes had evolved into talks over a new settlement, which it described as a "limited extension" of matters that led to the 2020 fine of 3.6 billion euros ($3.58 billion), including 2.1 billion in France.

The French part of the 2020 settlement cited corruption of foreign officials, fraud and money laundering.

It followed a four-year probe which originated in Britain and later expanded to France and the United States, shedding light on a network of middlemen and disguised payments through public statements agreed between Airbus and prosecutors.

Airbus said the new settlement would have no adverse impact on the earlier deal, which laid down conditions and compulsory monitoring for three years in exchange for suspending charges that would have barred the company from public contracts.

People familiar with the new case said it involves the sale of jets to Libya under Muammar Gaddafi in 2007 and helicopters, satellites and a satellite control centre to Kazakhstan in 2009.

Airbus and prosecutors declined to comment on details.

Airbus said it had been questioned on the Kazakhstan case as an "assisted witness," an intermediary status which under French law means it is suspected of committing a crime but which falls short of being formally charged.

The planemaker has undergone sweeping management changes

since the original probe began in 2016 and says it now has a

state-of-the-art compliance and whistleblower system. It remains under supervision by outside monitors until early next year.

It also faces civil claims in the Netherlands, where it is legally based, alleging that it failed to inform investors about its use of intermediaries. Airbus said it had a "solid" defence.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×