French national financial prosecutor Jean-Francois Bohnert said Airbus had “acknowledged acts of corruption” in negotiating the deal. Airbus said earlier in the week that it had put aside 3.6 billion euros (£3 billion) to cover the costs of the fine. The UK court approved a so-called deferred prosecution agreement in which Airbus will pay Britain a total of 991 million euros (£830 million). The US is set to get 530 million euros (£450 million) under its deferred prosecution agreement. As part of the agreement, Airbus has agreed to continue to co-operate in any investigations and prosecutions, the Justice Department said.

Source: Irish Examiner January 31, 2020 17:37 UTC