Entries in EADS (12)
Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.
Airbus Group NV said Wednesday the UK Serious Fraud Office questioned some of its employees as part of an investigation into possible corruption at a subsidiary.
German police have raided the offices of a joint venture between EADS and ThyssenKrupp during an investigation of overseas corruption.
German police raided and searched the German offices of EADS Tuesday.
Britain's BAE Systems and Europe's EADS are proposing to merge, they said earlier this month, to create a defense giant capable of competing against Boeing or Lockheed Martin.
One of the most glaring, if unremarked, oddities concerning China nowadays is how perceptions of its leaders diverge depending on the observer. In the eyes of the Chinese public, government officials are venal, incompetent, and interested solely in getting lucrative appointments.
The Financial Times said Tuesday that an internal financial controller alerted senior EADS executives as early as 2007 that alleged bribes might be going to Saudi Arabian officials.
Carola Hoyos, the Times' defense correspondent, said the financial controller was concerned about payments to Cayman Island bank accounts and gifts to Saudi royal family members and military officials.
The U.K. Serious Fraud Office said this week it is investigating possible bribes in Saudi Arabia by a company owned by European defense contractor EADS.
Brazilian aircraft company Embraer said this week it received a subpoena from the U.S. Securities and Exchange Commission relating to possible violations of the Foreign Corrupt Practices Act.
A report this week in the Telegraph said the U.K. Serious Fraud Office is waiting for approval from the attorney general before pursuing a full-scale bribery investigation into EADS, the European aerospace giant.
A former employee of the European military contractor EADS told U.K. investigators the company's middlemen gave Saudi Arabia officials "luxury cars, jewellery and briefcases of cash in an apparent attempt to smooth the passage of a £2 billion communications contract," according to a story in today's Telegraph.