KUALA LUMPUR (Reuters) – Malaysia’s securities regulator said on Sunday it will examine whether AirAsia Group (AIRA.KL) and unit AirAsia X (AIRX.KL) broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes. (AIR.PA)
The allegations came to light on Friday when Airbus agreed a record $4 billion settlement with France, Britain and the United States. 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.
The SFO said the executives were rewarded for an aircraft order from Airbus, an allegation AirAsia denied late on Saturday.
“The Securities Commission Malaysia will examine the allegations and review all available…
Source news reuters.com, click here to read the full news.