Airbus unit fined over £28 million over corruption during telecommmunications work carried out with Saudi Arabia National Guard

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As part of a Serious Fraud Office (SFO) investigation, a unit of Airbus SE was fined a total £28.1 million plus costs after pleading guilty to corruption during work it carried out to provide telecommunications capability for the Saudi Arabian National Guard in the period 2008-10. The action highlights that enforcement may be carried out decades after an event occurs – and incur substantial reputational and monetary damage to a firm. All firms should take the opportunity to review the adequacy and effectiveness of their Anti-bribery and Corruption policies and procedures.

https://www.sfo.gov.uk/2021/04/28/gpt-pleads-guilty-to-corruption/

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