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Airbus under investigation for potential bribery and corruption in UK

Britain’s Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus (OTCPK:EADSY), escalating a probe that had been simmering for months. The move comes after U.K. Export Finance suspended the issue of export credits to the French planemaker, citing discrepancies in declarations on the use of third-party intermediaries during sales negotiations.