Air­bus falls on re­port of US cor­rup­tion in­quiry

The Irish Times - Business - - MARKETS -

Shares in Air­bus, the Euro­pean aero­space and de­fence group, fell more than 6 per cent yes­ter­day fol­low­ing a re­port in France’s Le Monde news­pa­per that the US depart­ment of jus­tice had of­fi­cially opened an in­ves­ti­ga­tion into al­leged cor­rup­tion.

Le Monde re­ported that Air­bus was in­formed at the end of the sum­mer about the US in­ves­ti­ga­tion, ad­ding to on­go­ing in­quiries by Bri­tain’s Se­ri­ous Fraud Of­fice and France’s Par­quet Na­tional Fi­nancier into the al­leged use of agents in­ter­na­tion­ally.

A spokesper­son for Air­bus de­clined to com­ment on the po­ten­tial in­ves­ti­ga­tion but said: “Con­sis­tent with the com­pany’s prior pub­lic dis­clo­sures, Air­bus con­tin­ues to co-op­er­ate with all rel­e­vant au­thor­i­ties, in­clud­ing the US depart­ment of jus­tice”.– Copy­right the Fi­nan­cial Times Lim­ited 2018

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