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French authority joins UK in Airbus fraud probe

French financial judicial institution Parquet National Financier has joined the probe into alleged fraud at Airbus previously opened by UK authorities.

Airbus says it intends to “co-operate fully” with both organisations.

The airframer had already been under investigation by the UK’s Serious Fraud Office, having self-referred over suspicions that it had wrongly applied for export credit support.

Airbus states that the Parquet National Financier has also opened a preliminary investigation into the “irregularities” regarding third-party consultants, and the allegations of bribery and corruption.

Both authorities are set to co-ordinate their inquiries.

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