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GBT Special Project Management, which shut down its operations last year, had previously told the Southwark Crown Court that it would admit one charge of corruption in employment contracts between December 2008 and July 2010. The decision was also issued to confiscate 20.6 million pounds, fine them 7.5 million, and spend 2.2 million, while forcing them to pay within a maximum period of 10 days.
Corruption, bribery scandals
According to a report by US Bloomberg, the statement to Judge Simon Brian, after the judgment, said that "this is part of the history of corruption, which existed for a number of years before and after the charge."
In the Prosecutor's eight-year investigation center, there were allegations that Riyadh-based subsidiary had paid bribes to win a £ 2 billion ($ 2.8 billion) contract to provide services and training to the Saudi National Guard on behalf of the UK Ministry of Defense.
According to the USAID, the case was particularly politically sensitive, due to the British government's involvement, and was postponed after the Attorney General sought outside legal advice on the case.
"The investigation conducted by the Serious Fraud Office concerns the contractual arrangements that arose prior to Airbus' acquisition of GPT and continued thereafter," an Airbus spokesperson said in statement. “Airbus’s cooperation with GPT's Office of Financial Crime Prevention and Acceptance of Responsibility reflects a commitment to confronting, learning from, and building on the important compliance reforms that have been implemented,” the spokesperson added.
Historic victory
The Spotlight Corporation, an anti-corruption campaigner, described the decision, which came after investigation that lasted nearly nine years, as stunning, hard-won victory for Britain's Serious Fraud Office that initiated the case. The investigation is not linked to $ 4 billion delayed prosecution agreement between Airbus and US, British and French authorities in 2020 after three-year investigation into allegations of bribery and corruption over aircraft sales.
#Saudi_Arabia #UK #Corruption About 3 years
This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world
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