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. Prosecutors said Airbus' unlawful dealings in Libya and Kazakhstan had still been under investigation and thus were not included in the 2020 settlement.

Source: Libya Today November 30, 2022 17:20 UTC