January 31, 2020 / 3:52 PM / 24 days ago

U.S. judge approves Airbus deferred prosecution agreement over bribery probe

WASHINGTON, Jan 31 (Reuters) - U.S. District Judge Thomas Hogan on Friday approved a deal to resolve the Justice Department’s probe into charges airplane Airbus SE violated anti-bribery laws and export controls.

“It was a pervasive and pernicious bribery scheme in various divisions of Airbus SE that went on for a number of years,” Hogan said in court.

Under the deal, Airbus is paying about $4 billion worldwide. Airbus will pay the U.S. Treasury about $527 million, a U.S. prosecutor said in a court hearing Friday. Airbus will face oversight from an outside monitor. Prosecutors will not pursue criminal prosecution against the company over the next three years as long as they are in compliance with the agreement. (Reporting by Chris Prentice and David Shepardson Editing by Chizu Nomiyama)

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