Curious Tale of Airbus and the African Gold Mine

[gearlever]

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

https://www.bloomberg.com/news/features/2017-07-13/airbus-stake-in-mali-mine-after-zigzag-draws-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." :O

FCPA? What's that?

[noflynomore]

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 (http://malisnews.com/en/ibk-trois-ans-apres-mali-bord-de-leffondrement-2/)

[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..