Airbus Unit Must Pay in Saudi Corruption Case

A judge in London ordered a subsidiary of the manufacturer Airbus to pay more than $41 million after pleading guilty to bribing senior Saudi Arabian officials in an agreement to supply Saudi Arabia’s national guard with communications and electronic warfare equipment.  The company had previously admitted to paying bribes to win work from the Saudi military between 2008 and 2010.  The investigation in this case was initiated when a whistleblower alerted Britain’s Serious Fraud Office to potential wrongdoing.  This investigation and order is separate from a roughly $4 billion deferred prosecution agreement that Airbus entered into with authorities from Britain, France, and the United States in January to end corruption probes into Airbus’s use of bribes to secure jet sales.

Read the Law360 article here