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Ex Airbus unit ordered to pay $42 mln over corrupt Saudi contracts

6 May 2021

Mark Heywood QC was instructed by the S.F.O to prosecute a former Airbus (AIR.PA) subsidiary that have been ordered to pay more than 30 million pounds ($42 million) after pleading guilty to corruption over contracts to provide military communications services for the Saudi Arabian National Guard. GPT Special Project Management Ltd, which ceased operations last year, told London's Southwark Crown Court earlier that it would admit to one count of corruption between December 2008 and July 2010. It was ordered to pay a confiscation order of 20.6 million pounds, a fine of 7.5 million and costs of 2.2 million. The resolution of the corporate case, after a near nine-year investigation, was described by pressure group Spotlight Corruption as a "stunning and hard-won victory" for the UK Serious Fraud Office (SFO), which prosecuted the case.

News report here.