India steps up Airbus probe in wake of global bribery settlement - News Summed Up

India steps up Airbus probe in wake of global bribery settlement


Indian officials have intensified a probe into whether a $2.2 billion Airbus SE jetliner sale to a state-owned airline involved bribes, according to a person directly involved in the investigation. All told, the investigation is examining benefits to Airbus of Rs10 billion, the person said. The Enforcement Directorate didn’t respond to two calls seeking comment, while a spokesman for Airbus declined to comment. Airbus last month agreed to a $4 billion settlement for years of illegal payments to key decision makers in its efforts to win orders. The Enforcement Directorate, part of India’s finance ministry, is seeking help from authorities in France, where Airbus is based, according to the person.


Source: Mint February 18, 2020 14:26 UTC



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