Anonymous ID: 6d54db Feb. 3, 2020, 2:54 p.m. No.8014719   🗄️.is đź”—kun   >>4740

Airbus bribery scandal triggers new probes worldwide

 

Fallout from the Airbus (AIR.PA) bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row.

 

Airbus agreed on Friday to pay a record $4 billion in fines after reaching a plea bargain with prosecutors in Britain, France and United States over alleged bribery and corruption stretching back at least 15 years. Now, it is bracing for a rocky period with airlines and foreign governments, some of which have complained they were not forewarned about the charges and claimed little knowledge of the sums of money swirling around their fleet purchases. “Friday was the end of Act I, now we are seeing the beginning of Act II with possible repercussions on airline relationships,” said a person close to the company.

 

Airbus declined to comment further after welcoming the agreement on Friday as an opportunity to “turn the page”. Prosecution documents agreed by Airbus detailed a global network of agents or middlemen in transactions across the group’s business and run from a cell in Paris where the group had part of its headquarters, split between France and Germany. Outlines of the operation and its annual budget of 250 million to 300 million euros had been reported by Reuters.

 

Prosecutors also cited parallel projects or investments alongside some negotiations, including the sponsorship by Airbus’ then-parent EADS of a Formula 1 team owned by top officials at AirAsia, a major customer. Shares in AirAsia (AIRA.KL) fell up to 11%. AirAsia Group said Chief Executive Tony Fernandes and Chairman Kamarudin Meranun would step aside for at least two months while both the airline and government probed allegations.

 

In a joint statement, the two co-founders of Asia’s largest budget airline denied any wrongdoing or misconduct. “We would not harm the very companies that we spent our entire lives building up to their present global status.”

 

Fernandes, one of aviation’s best known executives, already faces domestic pressure after backing former Malaysian Prime Minister Najib Razak in 2018 elections. Najib was ousted by Mahathir Mohamad, prompting Fernandes to apologize for backing the loser. In Ghana, a political storm erupted over accusations of Airbus payments to a relative of a government official in connection with the purchase of military transport planes.

 

Britain’s Serious Fraud Office (SFO) said the agent had no aerospace experience, having previously worked in football merchandising and as a facilities manager. It did not say what the agent, who had been helped by two unnamed British television actors, did with the money. President Nana Akufo-Addo’s office said Ghana would “conduct a prompt inquiry to determine the complicity or otherwise of any Ghanaian government official, past or present”.

 

The National Democratic Congress (NDC), which was in power at the time, said claims that Airbus paid bribes were false. In Colombia, airline Avianca said it had hired a law firm to investigate its relationship with Airbus and determine if it had been a victim of wrongdoing. French prosecutors said in settlement documents that Airbus had agreed to pay multi-million dollar commissions to an agent over jet sales to Avianca, some of which were earmarked for a senior executive at the airline’s parent Avianca Holdings

https://www.reuters.com/article/us-airbus-probe/airbus-bribery-scandal-triggers-new-probes-worldwide-idUSKBN1ZX2MW

Anonymous ID: 6d54db Feb. 3, 2020, 3:07 p.m. No.8014833   🗄️.is đź”—kun

>>8014415

>>8014799

>>8014819

>>8014824

Napoleon Escapes and Rothschild Makes a Killing

1815

France

 

Napoleon escapes from his banishment in Elba, an Island off the coast of Italy, and returned to Paris. By March Napoleon had equipped an army with the help of borrowed money from the Eubard Banking House of Paris.

 

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." — Napoleon Bonaparte

 

On June 18th, 74,000 French troops led by Napoleon, sizing up to meet 67,000 British and other European Troops 200 miles NE of Paris.

 

Nathan Rothschild knowing that information is power stationed his trusted agent named Rothworth near the battlefield. As soon as the battle was over Rothworth quickly returned to London, delivering the news to Rothschild 24 hours ahead of Wellington's courier. A victory by Napoleon would have devastated Britain's financial system. Nathan stationed himself in his usual place next to an ancient pillar in the stock market. Knowing he would be observed he hung his head and began openly to sell huge numbers of British Government Bonds. Believing this to mean that Napoleon must have won, everyone started to sell their British Bonds as well. The bottom fell out of the market. Rothschild had his agents buying up all the hugely devalued bonds.

https://www.mindcontagion.org/banking/hb1815.html