Boeing to pay $2.5 billion to settle US fraud charges after MAX crashes

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Fri, 2021-01-08 02:38

NEW YORK: US prosecutors on Thursday hit Boeing with $2.5 billion in fines, settling a criminal charge over claims the company defrauded regulators overseeing the 737 MAX, which was grounded worldwide following two deadly crashes.
The Department of Justice (DOJ) said Boeing reached a deferred prosecution agreement related to the company’s pronouncements to regulators during the certification of the MAX, which was taken out of service for 20 months after the crashes and only recently cleared to return to the skies.

Nearly two years after the second of two crashes involving Boeing 737 Max planes that killed 346 people in all, Boeing is agreeing to pay money for crash victims' families, airline customers and airlines, as well as a fine. (AP Photo/Elaine Thompson, File)
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