You are here: Home » Reuters » News
Business Standard

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

Reuters  |  PARIS 

By Tim Hepher

PARIS (Reuters) - said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to in 1992, the latest French company to reach a settlement over disputes arising from one of France's biggest ever sales.

The scandal around French sales to the island in the early 1990s was one of a series of cases that underpinned accusations of widespread corruption during the final years of late French

said in a statement that its subsidiary behind the missile contract, Matra Defense, was "reviewing the award before evaluating the next steps to take".

The arbitration fine comes three months after Dassault Aviation, and said they had been fined a combined 227 million euros ($276.80 million) in to settle the 25-year-old dispute over the wrongful use of commissions in the sale of 60 fighters to the island.

"This was a commercial dispute and not a corruption allegation," said an

In a separate case, said it was in talks with prosecutors that could lead to the termination of their investigation into alleged corruption in the sale of combat jets to in 2003.

That investigation is one of several corruption cases still facing Europe's largest company.

did not mention the status of a parallel Austrian investigation into the same deal.

The company and individuals including are being investigated in over industrial deals that were built into the sale and have denied any wrongdoing.

Separately, faces UK and French investigations into the use of middlemen in commercial airliner sales.

($1 = 0.8201 euros)

(Reporting by Tim Hepher; writing by Richard Lough; editing by Clelia Oziel)

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

First Published: Sat, January 13 2018. 23:44 IST