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Stock impact report

Ex-UK Ministry of Defence official jailed for taking illicit payments [Reuters]

AIRBUS SE UNSP/ADR (EADSY) 
NASDAQ:AMEX Investor Relations: otcmarkets.com/stock/eadsy/profile
Company Research Source: Reuters
for accepting kickbacks when working for Britain's Ministry of Defence (MoD) nearly two decades ago. Jeffrey Cook was convicted of misconduct in public office in January after a long-running criminal investigation into allegations bribes were paid to top officials in Saudi Arabia. Cook, 67, had also been charged with overseeing corrupt payments to middlemen to obtain lucrative deals with the Saudi Arabian National Guard. But he and John Mason, who prosecutors said was the accountant and part-owner of the business of the middlemen, were acquitted of corruption in January after a trial at Southwark Crown Court. Cook and Mason had pleaded not guilty to paying bribes to top Saudi officials including Prince Miteb bin Abdullah, son of the late King Abdullah, between 2007 and 2012. The case largely focused on GPT Special Project Management, a now-defunct subsidiary of Airbus (AIR.PA) New Tab , opens new tab . Its sole business was to provide communications systems to the Saudi Ar Show less Read more
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