Author: Azizur Rahman 29 January 2020
Following the the announcement that the Serious Fraud Office had reached a Deferred Prosecution Agreement in principle between itself and Airbus, Rahman Ravelli's Senior Partner Aziz Rahman said:
“Airbus is obviously paying a price for its wrongdoing but crucially it is avoiding a prosecution. This is yet another instance of a large company being able to escape the shackles of its past and keep competing in the marketplace.
“Whether this case is yet another one where the SFO is unable to successfully prosecute individuals alleged to have been behind the wrongdoing remains to be seen; with the Airbus subsidiary GPT having been under investigation for eight years. But cynics may say that today’s agreement will be viewed by Airbus as little more than the cost of doing business.
“This has been a major investigation into the workings of a huge organisation. But it is hard to ignore the possibility that this deal – and the timing of it – is political.
“Airbus is a European aerospace giant and anything that happens to it has an effect on both the European economy and on defence. The length of time that it has taken to conclude these investigations while the prospect of Brexit has loomed large may indicate there has been political pressure for a particular outcome to be carefully timed.’’
Aziz's comments featured in The Law Society Gazette.
Aziz Rahman is Senior Partner at Rahman Ravelli and its founder. His ability to coordinate national, international and multi-agency defences has led to success in some of the most significant corporate crime cases of this century and top rankings in international legal guides. He is recognised worldwide as one of the most capable legal experts regarding top-level, high-value commercial and financial disputes.