Boeing to pay $200m over charges it misled investors

Friday, 23 September 2022newsdesk

Boeing is to pay out $200m (£177.5m) over charges that it misled investors about two fatal 737 Max crashes.

New Delhi, 23 September 2022

As per news report of BBC, the US stock market regulator said the aviation giant and its former chief executive Dennis Muilenburg made false statements about safety issues. Boeing "put profits over people" in an effort to rehabilitate its image, according to the Securities and Exchange Commission (SEC). The 737 Max was grounded for 20 months after two crashes killed 346 people. As part of the settlement Mr Muilenburg will also pay a penalty of $1m.

Source - BBC