Financial Crime Financial Crime

Airbus unit GPT ordered to pay GBP30 million over Saudi bribery (*update)

By Martin Coyle
  • 28 Apr 2021 13:17
  • 28 Apr 2021 13:17
Airbus subsidiary GPT Special Project Management was today hit with penalties totaling 30.3 million pounds after pleading guilty to a corruption charge in the culmination of a nine-year probe by the UK's Serious Fraud Office.

In a hearing today at London’s Southwark Crown Court, the company admitted making millions of pounds worth of

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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