Curious Tale of Airbus and the African Gold Mine

[gearlever]

Shares bought using bank havens. A helicopter deal. The Geneva prosecutor has questions.

https://www.bloomberg.com/news/featu...swiss-scrutiny

[ironbutt57]

following.....this could be better that Trump vs the "news" media

[PAXboy]

Welcome to Africa and the classic line, "African solutions to African problems" ...

[DaveReidUK]

The only surprise is that people are surprised by this.

[ethicalconundrum]

Yawn. This is how almost all intl business is done on the continent. I used to work with a large IT company in the intl support and marketing. The graft was expected, and everyone knew it from the start. We just added about 10-15% to the price tag to cover the sweeteners.

If they start looking under African financial rocks, they are going to find a lot of worms. Further, 15Mil Euro is a rounding error to Airbus. They sold the copters - right?

[Lonewolf_50]

They are called "offsets" in polite company. This appears to be a JB candidate.

[Carbon Bootprint]

In my business they're known as "facilitation payments."

FCPA? What's that?

[noflynomore]

Originally Posted by ethicalconundrum

They sold the copters - right?

Sure. Two second-hand antique Pumas.

Wow!

[FLEXJET]

And what about the P4-PRM BBJ in Bamako? who owns it?

IBK, three years after: the Mali near collapse - MALI'S NEWS

[BALEWA]

Airbus executives told partners in the transaction that the fund was set up to diversify the company’s risks, according to two people they spoke with. A third person said their rationale for the fund was to enter emerging markets.

Emerging markets indeed..