- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
2017 has not been a good year for European aircraft manufacturer Airbus, whose corruption and bribery scandal has instigated anti-corruption policies and government probes in the airline industry.
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Airbus confirmed it has reached a deal with authorities in the United States, the United Kingdom, and France to resolve long-running allegations of bribery and corruption. The settlement could reportedly be worth billions.
A U.K. subsidiary of Airbus that has been at the center of a seven-year bribery investigation disclosed in an annual report that it will be ceasing business operations, meaning it could potentially avoid criminal charges in connection with the matter.
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
