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Airbus to pay 81 mn euros to end German corruption probe

AFP  |  Frankfurt am Main 

German prosecutors today said had agreed to pay a fine of 81.25 million euros (USD 99 million) to settle a corruption probe into the 2003 sale of jets to

The investigation did not fine evidence of bribery to secure the lucrative contract, the prosecutors said in a statement.

But they said had failed it its supervisory duty by allowing former management to make multi-million-euro payments linked to the deal for "unclear purposes".

The European aircraft manufacturer said in its own statement it had accepted the fine, meaning that the probed first opened in 2012 "has been terminated".

Authorities in however are still investigating claims bribers were paid to land the two-billion-euro sale of 18 jets to Vienna, a deal long alleged to have been very shady.

The last year also launched a lawsuit against Airbus, seeking up 1.1 billion euros in damages. It accuses the aircraft giant of deliberately hoodwinking over the order.

Current chief was head of the defence division of at the time the deal was struck.

The corruption probes in and Austria, as well separate graft investigations in Britain and France, have long cast a pall over one of Europe's most successful and best known companies.

Airbus announced in December that embattled Enders would not seek reappointment when his current term ends in April 2019.

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

First Published: Sat, February 10 2018. 00:00 IST
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