The U.K.’s Serious Fraud Office (SFO) has levied penalties worth nearly £3 million (U.S. $3.9 million) against a defunct aircraft refurbishing company for violating the country’s anti-bribery laws.
Airline Services Limited (ASL) entered into a deferred prosecution agreement (DPA) with the SFO on Friday in which it accepted responsibility for failing to prevent bribery regarding contracts with German airline Lufthansa that ASL obtained through anti-competitive bidding practices. The term of the DPA will be at least one year.
