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Airbus bribery fallout: Investigations launched worldwide
Fallout from the Airbus bribery scandal reverberated around the world as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political dispute. (www.aljazeera.com) More...Sort type: [Top] [Newest]
In the immortal words of Inspector Renault; “I am SHOCKED, SHOCKED!” that there is Bribery and Corruption in our Socialist enterprise!
Greg_S is correct. That is how business is done in 3rd world countries. Most have their hands out expecting something. Some government officials have even been recorded & documented asking for "gifts". Corruption is king, one doesn't have to investigate to deep to find the truth.
Boeing has to abide by the Foreign Corrupt Practices Act. The Law provides for jail time for executives not just measly fines. Now you know why Airbus get its orders.
Tried to do business in east Europe old Russia ? money talk !
Looks like the Boeing execs have found something to do while they're not counting the takings. So what exactly is the difference between bribes and Deep discounts.
On the subject of the bribery culture in 3rd world countries, its not necessarily all of them, just those starting with a vowel or a consonant !
On the subject of the bribery culture in 3rd world countries, its not necessarily all of them, just those starting with a vowel or a consonant !
There is a huge difference between bribes and discounts. Discounts go to the entity buying the goods and are disclosed in the pricing of the contract. Bribes go into the personal pockets of middlemen.
The investigation began back in 2017, well before the max issues if that's what you're trying to reference here.
Deep discounts, which is referred to dumping, is also an illegal business practice. If you don't understand cutting a discount off list price versus paying an individual to sway their decision on a contract... Well you would fit into the Airbus culture. I have a feeling there's going to be some openings up there soon...
Deep discounts, which is referred to dumping, is also an illegal business practice. If you don't understand cutting a discount off list price versus paying an individual to sway their decision on a contract... Well you would fit into the Airbus culture. I have a feeling there's going to be some openings up there soon...