Company Watch - Air France KLM Group.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jul 24, 2006 Air France CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jean-Cyril Spinetta has been interviewed by a French magistrate following a probe into possible money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. and employment violations by Pretroy, a now bankrupt company which supplied security services to the airline. A statement by AF makes it clear that Spinetta is not under investigation and is innocent of any wrong doings. Pretory failed in 2003 when Air France was separate from KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) . It is alleged that the company, which helped to guard AF offices and supplied onboard security, was guilty of tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. . E10m in cash is also claimed to have gone missing. http://www.airfrance.com Jul 22, 2006 Air France-KLM Probed Over Security Firm Funds. Air France-KLM was formally put under investigation on Thursday by authorities for suspected misappropriation misappropriation n. the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a dead person's estate, or by any of funds at security firm Pretory which worked with the French-Dutch airline. Jul 21, 2006 Honeywell was selected to provide its Runway Awareness and Advisory System for Air France with installations expected to begin later this year. RAAS is a safety system designed to improve situational awareness during airport operations and reduce runway incursions. Jul 20, 2006 |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion