AirAsia shares plunge after Airbus bribery allegations
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[KUALA LUMPUR] Shares of Malaysia's AirAsia Group and unit AirAsia X fell on Monday, after allegations by Britain's Serious Fraud Office that Airbus paid a bribe of US$50 million to win plane orders from Asia's largest budget airline group.
AirAsia shares fell 10 per cent, while AirAsia X shares dropped 12 per cent.
Malaysia's anti-graft agency is investigating allegations by Britain's Serious Fraud Office. AirAsia has said it had never made any purchase decisions that were premised on an Airbus sponsorship, and that it would fully cooperate with Malaysia's Anti-Corruption Commission.
REUTERS
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