Truth Technologies News

08-10-2016 - Anti-Money Laundering

SFO Confirms Airbus Bribe Probe

The United Kingdom’s Serious Fraud Office (“SFO”) has opened a criminal investigation into allegations of fraud, bribery, and corruption in the civil aviation business of Airbus Group. According the to the SFO, “the allegations relate to irregularities concerning third party consultants. The UK Export Finance agency also suspended Airbus’ funding in April, because Airbus lacked transparency in its third-party payments.

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