Kuwait orders investigation into Airbus helicopter deal

Image
Reuters DUBAI
Last Updated : Dec 21 2017 | 4:05 AM IST

DUBAI (Reuters) - Kuwait said on Wednesday it had ordered an investigation into a deal with aircraft maker Airbus to supply 30 Caracal military helicopters, worth one billion euros ($1.19 billion), for its air force.

The announcement comes as Airbus faces several international investigations into commercial and military sales that have raised questions over the future of senior managers.

The French defence ministry said in August last year that Kuwait had placed the order. It came after then French President Francois Hollande was invited by Gulf Arab leaders in May 2016 to address their summit in Saudi Arabia, a rare privilege for a European leader.

Kuwaiti state news agency KUNA quoted Minister of Cabinet Affairs Anas al-Saleh as saying that Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah had ordered the Caracal deal to be investigated.

"It has been decided to transfer the case of the Caracal helicopter deal to the National Anti-Corruption Commission to investigate it and to take all the measures regarding it," Saleh said, according to KUNA.

Saleh also said the country's State Audit Bureau had been asked to check all documents related to the deal and submit a report to the cabinet.

($1 = 0.8419 euros)

(Reporting by Omar Fahmy in Cairo; writing by Sami Aboudi; editing by Andrew Roche)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2017 | 4:00 AM IST

Next Story