Home News Malaysia regulator to probe if AirAsia broke rules in Airbus deals

Malaysia regulator to probe if AirAsia broke rules in Airbus deals

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Malaysia regulator to probe if AirAsia broke rules in Airbus dealsMalaysia’s securities regulator said on Sunday it will examine whether AirAsia Group and unit AirAsia X broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes. The allegations came to light on Friday when Airbus agreed to a record $4 billion settlement with France, Britain and the United States. Britain’s Serious Fraud Office (SFO) said on Friday that between October 2013 and January 2015, Airbus’s then-parent EADS paid $50 million to sponsor a sports team that was jointly owned by two people described as AirAsia Executive 1 and Executive 2.

Source: Yahoo.com