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Airbus chief questioned over insider trading: spokesman


Airbus chief executive, German Thomas Enders, has been questioned by French police as part of the corruption probe against the planemaker's parent company EADS EADS European Aeronautic Defence and Space Company N.V.
EADS Expeditionary Air Defense System (USMC)
EADS Extended Air Defense Systems
EADS Environmental Assessment Data System
EADS Echelons Above Division Study
, a spokesman told AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol.  Thursday.

Enders, who was co-president of the European defence giant EADS in June 2006, was neither charged nor placed in custody after his questioning in Paris on May 20, the spokesman added.

In total, 17 French and German current and former bosses or officials of EADS and its main subsidiary, Airbus, are suspected of insider trading between 2005 and 2006 by the French financial market regulator, AMF AMF ACE (Allied Command, Europe) Mobile Force
AMF Autorité des Marchés Financiers (French)
AMF Action Message Format
AMF Arab Monetary Fund
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.

These include nine of French origin, four Germans, two Americans, a Finn and a Briton.

Five people have already been charged with this offence.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 AMF, Enders sold 50,000 stock options in the European Aeronautic aer·o·nau·tic   also aer·o·nau·ti·cal
adj.
Of or relating to aeronautics.



aero·nau
 Defence and Space Company in 2005 for a pre-tax profit of more than 700,000 euros (970,000 dollars).

The sale was made around the time that problems were appearing with the flagship Airbus A380 superjumbo jet.

Last year, Enders slammed the probe as a "show trial."

However, according to the website of French news magazine Le Nouvel Observateur Le Nouvel Observateur (often shorten to Le Nouvel Obs) is a weekly French newsmagazine. It is the most prominent French general information magazine based in Paris in terms of audience and circulation (currently at 538,200). , Enders' hearing, which took place last week, is a sign that the investigation is nearing its completion.

The website cited a judicial source saying the probe would be completed before a major Paris airshow begins on 15 June.
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Author:AFP
Publication:AFP Global Edition
Date:May 28, 2009
Words:226
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