Malaysian regulator to probe if AirAsia broke rules in Airbus deals
KUALA LUMPUR : Malaysia’s securities regulator said on Sunday it will examine whether AirAsia Group and unit AirAsia X broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes.
The allegations came to light on Friday when Airbus agreed a record $4 billion settlement with France, Britain and the US.
Prosecutors said it had bribed public officials and hidden payments as part of a pattern of worldwide corruption. Britain’s Serious Fraud Office (SFO) said on Friday that between October 2013 and January 2015, Airbus’s then-parent EADS paid $50 million to sponsor a sports team that was jointly owned by two people described as AirAsia Executive 1 and Executive 2.
