Airbus involved in major fraud? Britain thinks so


The serious Fraud Office tells Airbus it is looking into suspected fraud, bribery and corruption claims in connection with aircraft sales.

This was disclosed to Airbus according the Guardian newspaper.

The UK’s Serious Fraud Office (SFO) has begun a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus.

Three months ago a UK government agency suspended the issue of export credits to Airbus, citing discrepancies in declarations by the aircraft-maker on the use of third-party intermediaries during jet sale negotiations.

In a statement on Sunday, Airbus Group said it had been notified that the SFO had opened an investigation and that the company was continuing to cooperate with British police.

French and German agencies have also halted export credits to the plane maker, which support deliveries to airlines with limited access to commercial funds.