Airbus faces record $4 billion fine after bribery probe

By Sudip Kar-Gupta and Tim Hepher (Reuters) - Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales. The deal, believed by anti-corruption experts to be the largest ever in a bribery case, ends an almost four-year crisis that led to a sweeping management overhaul and delayed plans to redeploy the plane giant's cash surplus

The post Airbus faces record $4 billion fine after bribery probe appeared first on Firstpost.

from Firstpost