There is a suspect that twenty-one senior executives from Airbus and two large corporate shareholders sold their shares with inside information.
The transactions were reported as “strange, massive and simultaneous”. The shares were sold last year just before the plane-maker announced a huge delay for the A380 and that are the super-jumbo’s.
A preliminary report has been forwarded to a judge by the French financial markets. That judge is investigating possible charges of “insider trading” against those who unloaded their shares.
The Largardère company and DaimlerChrysler each sold 7,5 percent. M. Lagardère is one of France's wealthiest men and a close friend of President Nicolas Sarkozy. DaimlerChrysler is one of the largest shareholders of Airbus.
The previous December the French government was tipped off about the problems.
A day after Airbus announced that their were technical problems with the A380, the share price fell 26,8 percent. There is a report that says that 1200 individuals could have inside knowledge of the problems at Airbus. And they dumped 10 million shares before the official announcement. The profit from this inside information is estimated at 90 million euro.
Everybody who is involved with the situation denied that they used illegal inside knowledge.
A video showing the takeoff and landing of this new master peice by Airbus. The largest airliner the world has ever seen. Source
Source
(Tom Van thienen)
1 comment:
That' really dishonest,
something like that can not and is not possible!
The ordinary shareholders have now a large loss of their capital and the threaters go run with a hugh capital!
Beautiful video and splendid and enormous plane!
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