Airbus shuts GPT to save it from criminal prosecution - Theeconomyclub
Airbus, the European airplane company announced that it would close its UK subsidiary, GPT Special Project Management. The UK based wing of the company was accused of paying multimillion pound bribes to get a military contract with the Saudi Defence Ministry. As per the company’s latest annual report, published last week, its operations would shut down by 31 December 2019.
An anti-corruption campaign said that the move has been taken to save GPT from criminal prosecution, as it is not possible to prosecute a firm that has been closed, although individuals can be. It also accused the British government of interfering in the investigation by “sitting on” the case.
The investigation of the aforementioned case has been going on for seven years. In 2011, a whistle-blower raised concerns over the payments made to subcontractors and termed the transactions as ‘suspicious’. In 2012, the Serious Fraud Office took charge of the case and has been investigating the allegations ever since.