Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Euronext Paris  >  Airbus Group    AIR   NL0000235190

News SummaryMost relevantAll newsSector news 

EADS : Swiss Attorney General Confirms House Searches in EADS Probe

11/13/2012 | 06:37am US/Eastern

By Neil MacLucas

ZURICH--The Swiss Attorney General's office Tuesday confirmed it has searched properties in Switzerland at the request of its Austrian colleagues, who are investigating alleged corruption involving the sale of European Aeronautic Defence & Space Co.'s (EAD.FR) Eurofighter jets.

The Bern-based office told Dow Jones Newswires that it "instructed federal police to conduct several house searches in Switzerland at the request of Austrian prosecutors," but spokeswoman Jeannette Balmer declined to comment further.

Last week, Austrian financial daily Wirtschaftsblatt reported on its website that the case concerns possible bribes tied to Austria's purchase of Eurofighter jets from EADS.

The article said prosecutors in Vienna alerted investigators in Switzerland and Germany to the allegations, and searches in both countries have now been confirmed.

EADS also confirmed the probe and told Dow Jones Newswires last week that prosecutors have searched three sites in Munich.

Swiss daily Tagesanzeiger Tuesday reported that Swiss authorities searched the home of a German citizen who is suspected of registering several front companies in Switzerland, which were then used to launder around 10 million euros ($12.7 million) of bribes paid by EADS.

Write to Neil MacLucas at neil.maclucas@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on AIRBUS GROUP
08/27 AIRBUS : TIGER HAD Helicopter: First in-flight presentation in Warsaw
08/27 AIRBUS : DR Congo plane grounded in Dublin over debt row
08/27 AIRBUS : Helicopters’ H175 reaches 1,000 flight hours with NHV Group (Prov..
08/27 AIRBUS : Airworthiness Directives; Airbus Airplanes
08/27 AIRBUS : strongly represented at MSPO
08/27 Iran admits interest in Russian Superjet
08/27 AIRBUS : Fleets in Russia & CIS to more than double by 2034
08/26 AIRBUS : and Russian Space Systems Sign Satellite Production Contract
08/26 AIRBUS : to delay delivery of first A380 to Russia's Transaero
08/26 ALLEGIANT TRAVEL : adds another Airbus A320 to its fleet; The order is Allegiant..
Duration : Period :
Airbus Group Technical Analysis Chart | AIR | NL0000235190 | 4-Traders
Income Statement Evolution
More Financials