EADS rejects Singapore bribe allegation

23rd February 2005, Comments 0 comments

PARIS, Feb 23 (AFP) - The European Aeronautic Defence and Space Company(EADS) on Wednesday denied allegations that it offered a bribe to obtain information on a Singapore navy helicopter contract.

PARIS, Feb 23 (AFP) - The European Aeronautic Defence and Space Company(EADS) on Wednesday denied allegations that it offered a bribe to obtain information on a Singapore navy helicopter contract.

On Tuesday, a Singapore national, Eng Heng Chiaw, was charged in the city-state's Subordinate Court with offering a defence ministry official SPD 500,000 Singapore (EUR 232,000) to secure tender details about an EADS competitor for the contract.

EADS issued a statement Wednesday saying that it "vigorously denied the speculation published in an article in the Straits Times, associating it with a consultant accused of corruption."

The company added that "neither EADS nor Eurocopter has any link with this person."

Eurocopter is a wholly owned EADS subsidiary.

Shares in the company fell 1.83 percent to EUR 23.02 in early trades on the Paris stock exchange, where the CAC 40 index was 0.97 percent lower overall.

© AFP

Subject: French News

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