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Airbus to pay €81.25 million to end German corruption probe

Jaclyn Jaeger | February 12, 2018

German prosecutors have ordered Airbus to pay a fine of € 81.25 million to end a five-year bribery investigation concerning the sale of Eurofighter aircraft to the Republic of Austria in 2003.

In a statement, Airbus said that sale has been terminated. The result of the investigation by the Munich Public Prosecutor (Staatsanwaltschaft München I), which had been ongoing since 2012, “did not confirm the allegations of bribery,” the company stated.

To resolve the investigation, the Munich Public Prosecutor issued an administrative penalty notice against Airbus Defence and Space GmbH under the German Act on Administrative Misdemeanours (Ordnungswidrigkeitengesetz) amounting to € 81.25 million.

The total amount comprises an administrative fine of € 250,000 and a disgorgement of € 81 million. “Airbus Defence and Space GmbH has... To get the full story, subscribe now.