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EADS offices raided in corruption probe
Published: 7 Nov 12 16:12 CET | Print version
Online: http://www.thelocal.de/money/20121107-46031.html
Authorities raided offices and homes across Germany associated with European aerospace giant EADS, on Tuesday, as a decade-long investigation into bribery and corruption within the company reached a new high.
- Berlin blasted for ruined EADS-BAE merger - Business & Money (12 Oct 12)
- Talks collapse in BAE-EADS mega-merger - Business & Money (9 Oct 12)
- Germany demands parity with France in BAE-EADS - Business & Money (28 Sep 12)
Bribes worth around €180 million are thought to have been exchanged between a network of companies and lobbyists working for EADS – which despite confirming the investigation and the raids, refused to comment further.
Allegations of money laundering are also on the table, the paper added.
The politically controversial purchase of fighter jets by Austria was agreed back in 2002. Investigations there have been active for years.
"I can confirm that we have searched several sites in Germany as part of a corruption inquiry," said Thomas Steinkraus-Koch, public prosecutor in Munich. He added that "several people" were under suspicion but no arrest warrants had been issued.
Authorities also carried out raids on suspects in Switzerland and Austria.
The Local/ AFP/jcw
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