The island nation's government owned national airline was named in the verdict on the Airbus bribery scandal.
A year ago, Airbus sorted out a legal problem: the company made a out-of-court settlement with the British judicial authorities.
Photo source: Jakkrit Prasertwit
A year ago, Airbus sorted out a legal problem: the company made a out-of-court settlement with the British judicial authorities.
Photo source: Jakkrit Prasertwit
It paid €3.6 billion in fines, admitted wrongdoing and committed to organisational changes. In return, investigations into global bribery were dropped.
The settlement verdict uncovered a veritable quagmire of corruption. "The crime was serious," the British judge wrote in the verdict and individual examples were also cited, such as that of one involving Sri Lankan Airlines.
Airbus is said to have paid $16.84 million to the former head of the airline and his wife through a front company in order to get an order. British authorities were also allegedly deceived in the process.
Sri Lankan Airlines says this has damaged its reputation and is suing Airbus $1 billion in compensation.
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