Cargolux has agreed to pay about €1.15 million to settle a Luxembourg influence-peddling case tied to its former activities in Gabon, in a rare corruption-linked judgment against one of the country's strategic national champions.
Luxembourg's district court on 1 July ratified a plea agreement requiring Cargolux to pay roughly €1.15 million in fines and confiscation over influence peddling linked to its activities in Gabon from 2010 to 2015. The case, which Cargolux self-reported in 2015, targets only the company, not individuals. It lands months after the EU's top court upheld a separate €79.9 million cartel fine against Europe's largest all-cargo airline.
Cargolux, Luxembourg's flag cargo carrier, has agreed to pay about €1.15 million after a Luxembourg court ratified a negotiated settlement over influence-peddling linked to its operations in Gabon between 2010 and 2015. The case, which the airline voluntarily disclosed in 2015, targets only the company and no individuals — a rare corporate-governance moment for a champion majority-controlled by the Luxembourg state.
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