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.
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