Sri Lanka to probe air­craft deal

Muscat Daily - - BUSINESS -

Colombo, Sri Lanka - Sri Lanka’s Pres­i­dent Gotabaya Ra­japaksa or­dered an in­ves­ti­ga­tion on Sun­day into a multi-bil­lion dol­lar air­craft pur­chase, days af­ter Air­bus set­tled cor­rup­tion probes.

A French court has ap­proved a deal al­low­ing Air­bus to pay US$4bn in fines to Bri­tain, France and the US to set­tle cases. One of the al­le­ga­tions cited in a judg­ment and re­leased by a Lon­don court con­cerned the pur­chase of air­craft by SriLankan Air­lines.

In­ves­ti­ga­tors had ac­cused Air­bus of fail­ing to pre­vent per­sons as­so­ci­ated with it from brib­ing di­rec­tors or em­ploy­ees of the air­line to ‘re­tain busi­ness or ad­van­tage’.

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