Business Standard

Airbus to pay over $98mn to settle German corruption probe

IANS  |  Berlin 

The European aviation and defence company confirmed on Friday that the German has terminated an investigation against the company on bribery allegations.

has accepted a penalty notice issued by the Munich Public and agreed to pay over $98 million, it said in an announcement, reports

The investigation on alleged bribery related to the sale of aircraft to started in 2012.

And the result of the investigation "did not confirm the allegations of bribery," said the statement.

--IANS

ahm/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, February 10 2018. 01:18 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU