13 Feb 2020
Colombia’s attorney general’s office searched the offices of embattled airline Avianca on Wednesday as part of an investigation into an alleged bribery scheme involving European manufacturer Airbus .
Airbus has reached a plea bargain with prosecutors in Britain, France and the United States and agreed to pay a record $4 billion in fines over bribery and corruption stretching back at least 15 years.
Avianca said last week it had hired a law firm to investigate its relationship with Airbus and determine if it had been a victim of any wrongdoing.
Computer equipment at Avianca’s offices thought to contain “detailed information” prompted Wednesday’s search as part of an effort to “obtain probatory material,” the attorney general’s office said in a statement.
Read more at Reuters
RiskScreen: Eliminating Financial Crime with Smart Technology
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet