The Serious Fraud Office has launched a criminal investigation into alleged fraud, bribery and corruption at civil aviation giant Airbus Group.
Meanwhile, back in the trench warfare is a little noteworthy snippet.
"Airbus cheats at marketing."
A mustard gas like substance is permeating from the market place and investigators would like to know if Airbus is behind the smell.
Another dirty tactic floats up from the mega producer who preys upon Vulnerable Air Wings Inc. world wide. It sounds like a man who is standing on a street corner in his full Euro trench coat with watches wrapped around the forearm available at an incredible price.
Belfast Telegraph Quote:
"In a statement released on Sunday, Airbus said: "Airbus Group has been informed by the SFO that it has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group relating to irregularities concerning third party consultants. Airbus Group continues to cooperate with the SFO."
An SFO spokesman confirmed: "The director of the Serious Fraud Office has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group. These allegations relate to irregularities concerning third-party consultants."
The SFO appealed for anyone with information about the case to contact them via a secure and confidential reporting channel on their website www.sfo.gov.uk.
The use of third-party middlemen in major commercial deals has been the target of anti-bribery legislation around the world.
Guidance issued for companies under the UK's Bribery Act 2010 warns that "the bribery risks associated with reliance on a third party agent representing a commercial organisation in negotiations with foreign public officials may be assessed as significant and accordingly require much more in the way of procedures to mitigate those risks".
Will anything happen? Nah, too much money and too many lawyers are involved it will just make it go away. However, the important thing here is it was reported at all, since Airbus has a reputation beyond reproach as it demonstrated by trying to sue Boeing in the World Courts over receiving "special Treatment" when Boeing obtained Tax Credits from the state of Washington, USA. As it was incentivized for building and keeping the Boeing manufacturing in the Northwest State. After-all Airbus wouldn't receive favorable treatment from the Euro government for building the A-380 or A-350. It is too clean to try that fiasco.