India seeks answers from Embraer on US investigation - News Summed Up

India seeks answers from Embraer on US investigation


A file photo of an Embraer SA Phenom 100 jet displayed at the Singapore Airshow in February 2014. Photo: BloombergNew Delhi/Mumbai: India is seeking information from Embraer SA following reports of a US investigation into the aircraft maker’s dealings across the globe, possibly including the South Asian country’s 2008 purchase of three surveillance jets. In 2008, Embraer announced the sale of three EMB-145 airborne early-warning and control aircraft to the Indian government. Embraer has been under investigation by US authorities over business dealings with the Dominican Republic; that probe expanded to include the Brazilian aircraft maker’s involvement with more countries, including India, Folha de S.Paulo reported last week. In July, Embraer set aside $200 million in connection with a probe under the US Foreign Corrupt Practices Act.


Source: Mint September 11, 2016 13:18 UTC



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