Sri Lanka has ordered a probe into accusations of bribery by European planemaker...
FILE PHOTO: An engineer cleans an Airbus 340 at the Sri Lankan Airlines maintenance hangar at the international airport in Katunayake, 30 km north of Colombo, February 10, 2014. REUTERS/Dinuka Liyanawatte/File Photo
The Indian Ocean nation was among the countries whose officials figured in a $4-billion settlement Airbus agreed with European and U.S. regulators, as having been accused of getting bribes to clinch sales of its aircraft. Detailed findings from Britain’s Serious Fraud Office said Airbus had hired the wife of a Sri Lankan Airlines executive as its intermediary and misled export credit agency UKEF over her name and gender, while paying $2 million to her company.
The board had also told the management to “preserve and study all available internal documentation with a view to take all possible corrective future action,” it added in Sunday’s statement.
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