Economy
Aviation
Cargolux to pay €1.15 million as Luxembourg court approves Gabon influence-peddling settlement
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.
