Airbus Unit Fined $39 Million After Corruption Guilty Plea
- Case relates to work GPT carried out for Saudi National Guard
- SFO charged the unit in July after an eight-year probe
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A unit of Airbus SE was fined a total 28.1 million pounds ($39 million) after pleading guilty to one count of corruption as part of the U.K. prosecutor’s probe into work it carried out for the Saudi Arabian National Guard.
The Serious Fraud Office charged GPT Special Project Management Ltd. with corruption between 2007 and 2012 last year, which has since been reduced to a period between December 2008 and July 2010. The unit pleaded guilty and accepted both the 20.6 million pound confiscation order and a 7.5 million pound fine at a hearing Wednesday held at Southwark Crown Court. It was also ordered to pay 2.2 million pounds of the SFO’s legal costs within ten days.