TIMES.KY

Cayman Islands, Caribbeanand International News
Saturday, Feb 22, 2025

AirAsia denies corruption in Airbus order as Malaysia probes bribe claims

The carrier denied allegations by Britain’s SFO that Airbus had bribed two of its executives for a deal to buy 180 planes. Malaysia’s anti-graft agency, which is investigating a US$50 million corruption claim, said it’s in touch with the UK authorities

Malaysia’s anti-graft agency is investigating allegations by Britain’s Serious Fraud Office (SFO) that Airbus paid a bribe of US$50 million to win plane orders from AirAsia, it said on Saturday.

The SFO said on Friday that Airbus had failed to prevent individuals associated with it bribing executives linked to AirAsia Group and its long-haul arm, AirAsia X.

AirAsia said it had never made any purchase decisions that were premised on an Airbus sponsorship, and that it would fully cooperate with Malaysia’s Anti-Corruption Commission.

In a statement, it said it had not been involved with the SFO’s investigation of Airbus or given any opportunity to provide clarification.

“AirAsia vigorously rejects and denies any and all allegations of wrongdoing,” it said. “As AirAsia and its executives have no visibility on Airbus’ internal processes, we cannot comment on or be associated with any alleged failures or lapses on the part of Airbus to comply with its own policies or applicable legal requirements.” Airbus declined to comment.

Airbus on Friday agreed a record US$4 billion settlement with France, Britain and the United States after prosecutors said it had bribed public officials and hidden the payments as part of a pattern of worldwide corruption.

The deal allowed Airbus to avoid criminal prosecution that could have led to it being barred from public contracts in the US and the European Union.

The disclosures came after an investigation spanning sales to more than a dozen overseas markets.

“Under the Malaysian Anti-Corruption Commission (MACC) Act we are empowered, and have jurisdiction, to investigate any act of corruption committed by any Malaysian citizen or permanent resident in any place outside Malaysia,” MACC Chief Commissioner Latheefa Koya said in a statement.

“In the case of the Airbus-AirAsia disclosures, I confirm that the MACC is in touch with the UK authorities and is already investigating the matter.”

The investigation comes as the Malaysian government evaluates five strategic investment proposals, among them one from AirAsia, to partner with the ailing national carrier, Malaysia Airlines.



AirAsia runs an all-Airbus fleet of 274 planes.

The SFO’s allegations concern a 2012 sponsorship agreement between the now-defunct Caterham Formula 1 racing team, founded by AirAsia boss Tony Fernandes, and Airbus’s then-parent, EADS.

The SFO said on Friday that between October 2013 and January 2015, EADS paid US$50 million to sponsor Caterham, which was jointly owned by two people described as AirAsia Executive 1 and Executive 2. It said Airbus employees offered an additional US$55 million, though no payment was made.

Fernandes bought Caterham together with his partner Kamarudin Meranun, AirAsia’s chairman, in 2011. Fernandes and Kamarudin could not immediately be reached for comment.

The SFO said that Executives 1 and 2 were “key decision makers in AirAsia and AirAsia X, and were rewarded in respect of the order of 180 aircraft from Airbus”.

“The payments to the sports team were intended to secure or reward improper favour by them in respect of that business.”
The airline’s statement said that “all negotiations and dealings leading to the signing of any aircraft purchase agreement have been undertaken directly with Airbus on an arm’s length basis, and without the involvement of any third parties or intermediaries”.

Newsletter

Related Articles

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×