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Tuesday , September 28 2021

Kuwait named in Airbus bribes and kickbacks scandal

KUWAIT CITY, Feb 4: The name Kuwait was mentioned in a court verdict in Britain looked into a suspicious contract involving the Airbus Company determined to know the truth about the alleged kickbacks, reports Al-Qabas quoting sources.

The court is said to have imposed a £3 billion fine on the company according to what the Guardian newspaper said recently. The countries in which bribes were received are Malaysia, Sri Lanka, Indonesia, Taiwan and Ghana … between 2011 and 2015.

Other countries that are being investigated for the possibility of receiving kickbacks are China, Japan, Brazil, Turkey and Kuwait to win contracts for the supply of aircraft.

The Guardian stated there is a network of secret agents who pay huge bribes. Other sources confirmed that bribes are usually paid in some countries to politicians who urge national companies directly or indirectly to conclude contracts that they can benefit from in the form of commissions if the deal falls through.

On the domestic front, it was reported that in February 2014, the Kuwait Airways Corporation (KAC) signed a contract with Airbus for the purchase of 25 A350 and A320neo aircraft that began delivery in 2019, after the Kuwaiti government assumed an open financial guarantee to complete the deal.

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