Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Back to Square One?

Read more

DEBATE

Israel-Gaza: Back to Square One?

Read more

DEBATE

Israel-Gaza conflict: 72-hour ceasefire deal sets stage for Cairo talks

Read more

WEB NEWS

Web users divided over Darren Wilson

Read more

FOCUS

Spain's El Hierro to become world's first self-powered island

Read more

IN THE PAPERS

A bellwether for what not to do

Read more

ENCORE!

Luc Besson back in action with Scarlett Johansson in 'Lucy'

Read more

FOCUS

Israel's minorities and military service

Read more

MIDDLE EAST MATTERS

Iraq: Kurdish forces fight to protect Yazidis

Read more

  • France’s ex-PM Juppé sets up presidential clash with Sarkozy

    Read more

  • France’s Hollande says global security ‘worst since 2001’

    Read more

  • Interactive: Relive the Liberation of Paris in WWII

    Read more

  • Brutal IS beheading video sparks social media pushback

    Read more

  • France urges Iran, others in region, to join fight against IS

    Read more

  • A new view on Normandy landings, 70 years on

    Read more

  • Video: Dozens arrested despite smaller protests in Ferguson

    Read more

  • Dozens killed as landslides strike Japan’s Hiroshima

    Read more

  • Suspected Ebola cases in Austria, new drug raises hopes

    Read more

  • WWII anniversary highlights best - and worst - of Paris police

    Read more

  • Headscarf at the beach sparks French MEP’s fury

    Read more

  • Video: Life in under-siege Donetsk

    Read more

  • Racism, riots and police violence: USA under scrutiny

    Read more

  • ‘Let it be’: Londoners sick of Abbey Road tourists

    Read more

Business

French police question Airbus chief in EADS probe

Text by NEWS WIRES

Latest update : 2009-05-28

Airbus CEO Thomas Enders has been questioned by the French police as part of a corruption investigation involving parent company EADS. In total, 17 former or current EADS officials have been cited in the case.

AFP - Airbus chief executive, German Thomas Enders, has been questioned by French police as part of the corruption probe against the planemaker's parent company EADS, a spokesman told AFP Thursday.
  
Enders, who was co-president of the European defence giant EADS in June 2006, was neither charged nor placed in custody after his questioning in Paris on May 20, the spokesman added.
  
In total, 17 French and German current and former bosses or officials of EADS and its main subsidiary, Airbus, are suspected of insider trading between 2005 and 2006 by the French financial market regulator, AMF.
  
These include nine of French origin, four Germans, two Americans, a Finn and a Briton.
  
Five people have already been charged with this offence.
  
According to AMF, Enders sold 50,000 stock options in the European Aeronautic Defence and Space Company in 2005 for a pre-tax profit of more than 700,000 euros (970,000 dollars).
  
The sale was made around the time that problems were appearing with the flagship Airbus A380 superjumbo jet.
  
Last year, Enders slammed the probe as a "show trial."
  
However, according to the website of French news magazine Le Nouvel Observateur, Enders' hearing, which took place last week, is a sign that the investigation is nearing its completion.
  
The website cited a judicial source saying the probe would be completed before a major Paris airshow begins on 15 June.

Date created : 2009-05-28

COMMENT(S)