Airbus Unit Must Pay £30M In Saudi Corruption Case
Law360, London (April 28, 2021, 12:30 PM BST) -- An Airbus subsidiary was ordered to pay more than £30 million ($41 million) on Wednesday after pleading guilty to bribing senior Saudi Arabian officials in an agreement to supply the Middle Eastern country's national guard with communications and electronic warfare equipment.
A judge has imposed the sanction on the Airbus subsidiary after it admitted paying more than £10 million in bribes to win work from the Saudi military. (AP Photo/Francois Mori) Judge Simon Bryan imposed the sanctions on GPT Special Project Management Ltd. at Southwark Crown Court after it admitted to paying more than £10 million in bribes to win work...
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