Bombardier faces U.K. fraud investigation over plane contracts for Garuda

Article Link: https://montreal.ctvnews.ca/bombardier-faces-u-k-fraud-investigation-over-plane-contracts-for-garuda-1.5175971

MONTREAL — Bombardier Inc. says it has launched an internal review after Britain’s Serious Fraud Office confirmed it is investigating the aircraft maker over suspected bribery and corruption related to plane orders for Garuda International. “No charges have been laid against Bombardier or its employees in connection with this matter,” spokesman Olivier Marcil wrote in an email. He said the review is being conducted by external counsel and it is co-operating with the U.K. office, which contacted Bombardier. Garuda’s former CEO and an associate were convicted by Indonesia’s corruption court for bribery and money laundering related to the purchase of Airbus planes and Rolls-Royce engines. The ex-CEO was sentenced to eight years in prison and fined US$1.4 million.