Sri Lanka to probe aircraft deal after Airbus settlement
Sri Lanka’s president ordered a fresh investigation Sunday into a multi-billion dollar aircraft purchase involving the island’s loss-making national carrier, days after Airbus settled corruption probes in Europe and the US.
A French court on Friday approved a deal allowing Airbus to pay 3.6 billion euros ($4 billion) in fines to Britain, France and the US to settle corruption cases sparked by suspicious equipment sales.
One of the allegations cited in a judgement and released by a London court Friday concerned the purchase of aircraft by SriLankan Airlines.
Investigators had accused Airbus of failing to prevent persons associated with the company from bribing directors or employees of the airline to “obtain or retain business or advantage”.
Gotabaya Rajapaksa’s office said the president had ordered a comprehensive investigation into the reports.
Sri Lanka’s national carrier is deeply in the red, with estimated accumulated losses of $1.24 billion and debt of about $750 million.
(AFP)
Latest Headlines in Sri Lanka
- ADB approves $200 million to modernize Sri Lanka’s power sector November 25, 2024
- Over 120,000 tourists arrive in Sri Lanka in first 20 days of November 2024 November 25, 2024
- IMF backs Sri Lanka’s plan to boost revenue with vehicle imports November 25, 2024
- Bus collision in Watawala injures four amid adverse weather November 25, 2024
- Senior Professor Rathnayake appointed to restore order at University of Ruhuna November 24, 2024
