The settlement, approved by the Paris judicial court, is likely to draw a line under the investigations, which began in 2016. The new settlement comes as an extension to a deal struck with prosecutors in 2020, which included record fines against the planemaker. Thanking the prosecutors and the judicial process, Airbus lawyer Gilles August told the court: "Today Airbus operates with the strictest integrity." The French part of the 2020 settlement, amounting to 2.1 billion euros, cited corruption of foreign officials, fraud and money laundering. (Reuters)Read more on FRANCE 24 EnglishRead also:Air France, Airbus face trial in Paris over fatal 2009 Rio-Paris crashUS and EU reach deal to end 17-year Airbus-Boeing trade disputeUK launches corruption investigation into Airbus

Source: Libya Today December 01, 2022 03:01 UTC