Airbus Settlement Agreement

The financial equalization obtained under the CjIP is the largest to date and overshadows the 500 million euro tax investigation imposed on Google`s subsidiaries in September 2019, as part of the public interest or public interest of 500 million euros. It includes discounts of 1,053,377,113 euros of Airbus profit and an additional penalty of 1,029,760,342 euros. This last additional penalty was calculated on the basis of the application of a discount rate of 50% from the initial amount applied by the Court, in particular because of „exemplary cooperation with the EEA investigations“. The fine that Airbus had agreed to pay under the data protection authority received by the US authorities was also deducted. Airbus has entered into a three-year Deferred Law (DPA) agreement with the DOJ as part of a two-meter criminal investigation filed in the District of Columbia. to violate FCPA`s anti-corruption rules, and (2) conspiracy to violate the Arms Export Control Act („AECA“) and the International Traffic in Arms Regulations („ITAR“).4 We assist Airbus French prosecutor Jean-Francois Bohnert said. The company „can now serenely consider its economic future.“ Last year, the British SFO abandoned attempts to prosecute people following a record-breaking corruption deal with engine maker Rolls-Royce in 2017. The comparison with authorities in France, the United Kingdom and the United States concludes four years of investigation into allegations that Airbus used intermediaries between 2004 and 2016 to buy civil servants in many countries to buy its planes and satellites. The episode had tarnished the company`s reputation and forced it to make major management changes. Given that a significant percentage of anti-corruption cases come from the activities of the company`s brokers, agents or consultants, it is essential that the company`s compliance programs have clear procedures for verifying third parties and approving agreements and commissions with these parties.

On 31 January 2020, Airbus SE (Airbus) concluded final agreements with the French National Financial Prosecutor`s Office (PNF), the Serious Fraud Office (SFO) of the United Kingdom and the United States.