Airbus investigated in serious fraud office inquiry into third-party consultants
- Credit: PA
The Serious Fraud Office has launched a criminal investigation into alleged fraud, bribery and corruption at civil aviation giant Airbus Group.
The European aircraft maker said it was co-operating with investigators from the UK law enforcement agency, which said the inquiry had been opened in July.
The company revealed in April that it was in discussions with the British authorities over 'inaccuracies' it had found in applications it had made for UK Government credit guarantees.
An Airbus spokesman said at the time that errors had been uncovered in an internal compliance review. The UK export credit agency said it was for the SFO to decide whether to pursue the matter further.
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.'
You may also want to watch:
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.
- 1 Travellers camped at garden centre car park
- 2 Ex-head charged with sex attacks on boys at Norfolk school
- 3 'It's not even that short' - schoolboy, 14, put in isolation due to haircut
- 4 Tattoo studio owner fined after refusing to close in lockdown
- 5 'An insult to the city': Couple ditch 'hellhole' hotel after 45 minutes
- 6 James Bond themed windmill owned by 007 star for rent
- 7 Elton John to kick off UK leg of farewell tour at Carrow Road
- 8 Norwich City drop huge hint of global star gig at Carrow Road
- 9 Long delays due to overturned lorry on A47/A11 Thickthorn roundabout
- 10 'Someone will get hurt' - Frustration over pothole near Norwich surgery
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'.
Airbus has its headquarters in Toulouse, France, and has major UK operations at Filton, near Bristol, and Broughton in north Wales.