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Fifth Circuit Keeps Boeing Crash Documents Under Wraps corporatecrimereporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from corporatecrimereporter.com Daily Mail and Mail on Sunday newspapers.
Boeing Co will pay more than $2.5 billion in fines and compensation after reaching a settlement with the U.S. Department of Justice over two plane crashes that killed a total of 346 people and led to the grounding of its 737 MAX jetliner. ....
To embed, copy and paste the code into your website or blog: One of the top corporate scandals over the past few years entered its next phase with the settlement by the Department of Justice (DOJ) with The Boeing Company (Boeing) around its fraud in the certification of its 737 MAX aircraft. The resolution was via a Deferred Prosecution Agreement (DPA). Under the DPA, Boeing agreed to pay a total amount of $2.5 billion. According to a DOJ Press Release, this total amount consisted of “a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the Boeing 737 MAX crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302.” This enforcement involved a fraud by Boeing on the US government. There are multiple lessons for the anti-bribery comp ....
Boeing will pay more than $3 billion after settling criminal charges that resulted from the US DOJ investigation into its controversial 737 MAX aircraft. ....
Ethiopian Crash: 32 Kenyan Families to Pocket Ksh4.8 Billion People at the Ethiopian Airlines crash site in Ethiopia. Twitter 32 Kenyan families are set to receive more than Ksh4.8 billion payout after the US Department of Justice (DOJ) secured fines from the American plane manufacturer, Boeing, over the Ethiopian Airlines March 2019 crash. A statement by the DOJ on Thursday, January 7 indicated that the Boeing Company (Boeing) had entered into an agreement with the US government to resolve a criminal charge related to a conspiracy to defraud the Federal Aviation Administration’s Aircraft Evaluation Group (FAA AEG). In the agreement, the Boeing Company agreed to pay $2.5 billion with $500 million (Ksh52 billion) set to benefit the families of the crash victims. ....