• Latest
  • Trending
AirBus Bribes Sharing: Malaysia probes allegations that Airbus bribed AirAsia bosses

AirBus Bribes Sharing: Malaysia probes allegations that Airbus bribed AirAsia bosses

February 2, 2020
Aboubakar Ouattara wins May/June NASCO coach of the month

Aboubakar Ouattara wins May/June NASCO coach of the month

June 23, 2025
Chinese Ambassador Reaffirms China's Stance on Taiwan: Cites History, Law and One-China Principle

Chinese Ambassador Reaffirms China’s Stance on Taiwan: Cites History, Law and One-China Principle

June 23, 2025
Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation

Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation

June 23, 2025
Absa Bank, GAB deepen commitment to Ghana’s digital economy

Absa Bank, GAB deepen commitment to Ghana’s digital economy

June 23, 2025
Cape Coast Mayor leads demolition exercise after a building collapsed

Cape Coast Mayor leads demolition exercise after a building collapsed

June 23, 2025
Police investigate arson following blaze at MCE’s official residence

Police investigate arson following blaze at MCE’s official residence

June 23, 2025
Make peace or gear up for greater attacks – Trump cautions Iranian authorities

Make peace or gear up for greater attacks – Trump cautions Iranian authorities

June 23, 2025
Guinness Ghana celebrates 65 years with 15% price reduction on select spirit brands

Guinness Ghana celebrates 65 years with 15% price reduction on select spirit brands

June 23, 2025
NPP to launch Patriotic Institute: A New Era of Ideological Empowerment

NPP to launch Patriotic Institute: A New Era of Ideological Empowerment

June 23, 2025
President Julius Maada Bio of Sierra Leone takes is new ECOWAS Chair

President Julius Maada Bio of Sierra Leone is new ECOWAS Chair

June 23, 2025
Seven arrested in armed robbery incident at Ashaiman

Seven arrested in armed robbery incident at Ashaiman

June 23, 2025
2022 trained teachers to picket GES over 10-month unpaid salaries

2022 trained teachers to picket GES over 10-month unpaid salaries

June 23, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News International News

AirBus Bribes Sharing: Malaysia probes allegations that Airbus bribed AirAsia bosses

in International News
AirBus Bribes Sharing: Malaysia probes allegations that Airbus bribed AirAsia bosses

AirBus Bribes Sharing: Malaysia probes allegations that Airbus bribed AirAsia bosses

Share on FacebookShare on TwitterShare on Whatsapp

Malaysia’s anti-graft agency is investigating allegations by Britain’s Serious Fraud Office that Airbus paid a bribe of $50 million to win plane orders from Asia’s largest budget airline group, Malaysia-based AirAsia, it said on Saturday.

The SFO said on Friday that Airbus had failed to prevent individuals associated with it bribing executives linked to AirAsia Group and its long-haul arm, AirAsia X.

AirAsia said it had never made any purchase decisions that were premised on an Airbus sponsorship, and that it would fully cooperate with Malaysia’s Anti-Corruption Commission.

In a statement, it said it had not been involved with the SFO’s investigation of Airbus or given any opportunity to provide clarification.

Read More: Blow by blow account of how Airbus ran ‘massive’ bribery scheme to win orders

“AirAsia vigorously rejects and denies any and all allegations of wrongdoing,” it said.

“As AirAsia and its executives have no visibility on Airbus’ internal processes, we cannot comment on or be associated with any alleged failures or lapses on the part of Airbus to comply with its own policies or applicable legal requirements.”

Read More: Airbus confesses sharing bribes in Ghana during Mills-Mahama era, as £3bn corruption fine bites

Airbus declined to comment.

On Friday, Airbus agreed a record $4 billion settlement with France, Britain and the United States after prosecutors said it had bribed public officials and hidden the payments as part of a pattern of worldwide corruption.FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019.

The deal allowed Airbus to avoid criminal prosecution that could have led to it being barred from public contracts in the United States and the European Union.

The disclosures came after an investigation spanning sales to more than a dozen overseas markets.

“Under the Malaysian Anti-Corruption Commission (MACC) Act we are empowered, and have jurisdiction, to investigate any act of corruption committed by any Malaysian citizen or permanent resident in any place outside Malaysia,” MACC Chief Commissioner Latheefa Koya said in a statement.

“In the case of the Airbus-AirAsia disclosures, I confirm that the MACC is in touch with the UK authorities and is already investigating the matter.”

MALAYSIA AIRLINES SEEKS PARTNER

The investigation comes as the Malaysian government evaluates five strategic investment proposals, among them one from AirAsia, to partner with the ailing national carrier, Malaysia Airlines.

AirAsia runs an all-Airbus fleet of 274 planes.

The SFO’s allegations concern a 2012 sponsorship agreement between the now-defunct Caterham Formula 1 racing team, founded by AirAsia boss Tony Fernandes, and Airbus’s then-parent, EADS.

The SFO said on Friday that between October 2013 and January 2015, EADS paid $50 million to sponsor Caterham, which was jointly owned by two people described as AirAsia Executive 1 and Executive 2. It said Airbus employees offered an additional $55 million, though no payment was made.

Fernandes bought Caterham together with his partner Kamarudin Meranun, AirAsia’s chairman, in 2011. Fernandes and Kamarudin could not immediately be reached for comment.FILE PHOTO: A woman walks past an AirAsia counter at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019.

The SFO said that Executives 1 and 2 were “key decision makers in AirAsia and AirAsia X, and were rewarded in respect of the order of 180 aircraft from Airbus”.

“The payments to the sports team were intended to secure or reward improper favor by them in respect of that business.”

The airline’s statement said that “all negotiations and dealings leading to the signing of any aircraft purchase agreement have been undertaken directly with Airbus on an arm’s length basis, and without the involvement of any third parties or intermediaries”.

Malaysia has been trying for years to recover billions of dollars allegedly stolen here from the state fund 1Malaysia Development Bhd.

(This story was refiled to remove extraneous words ‘the SFO said’ in paragraph 19)

Source: reuters

Tags: AirAsiaAirbusMalaysia

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Airbus confesses sharing bribes in Ghana during Mills-Mahama era, as £3bn corruption fine bites

Next Post

GPL: Asante Kotoko, Liberty share spoils

Next Post
GPL: Asante Kotoko, Liberty share spoils

GPL: Asante Kotoko, Liberty share spoils

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Aboubakar Ouattara wins May/June NASCO coach of the month
  • Chinese Ambassador Reaffirms China’s Stance on Taiwan: Cites History, Law and One-China Principle
  • Chinese Ambassador to Ghana Highlights Stronger China-Africa Cooperation
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.