Former EADS co-chief arrested

May 28th, 2008 - 7:21 pm ICT by admin  

Paris, May 28 (DPA) The former joint head of European aerospace company EADS, Noel Forgeard, has been arrested in the insider-trading scandal surrounding the company, France Info radio station reported Wednesday. The long-term head of Airbus is currently being questioned, the radio report said, citing judicial sources.

The probe was launched after EADS executives, including Forgeard, sold shares in the company in March 2006, just three months before shares plunged after the company announced serious delays in the delivery of the A380, the world’s largest jumbo aircraft.

Forgeard and his fellow executives have denied any wrongdoing.

Related Stories

    Posted in Uncategorized |