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CRIME

Former Airbus boss reportedly faces insider trading probe

The former German chief executive of airplane maker Airbus, Gustav Humbert, is in French custody for questioning over alleged insider trading and will go before a judge Wednesday to face possible charges, a source close to the case said.

Former Airbus boss reportedly faces insider trading probe
Photo: DPA

Humbert was detained for questioning on Monday by France’s financial crime unit over alleged insider trading at Airbus parent EADS. The judge could decide Wednesday to charge him or make him an “assisted witness,” an intermediate stage between being charged and named as simple witness.

Former EADS chief executive Noel Forgeard and the company’s former general manager, Jean-Paul Gut, have already been charged in the probe although both have denied any wrongdoing.

The French financial market regulator, AMF, in April alleged in a report that Humbert sold 160,000 shares in the European Aeronautic Defence and Space Company in November 2005, earning €1.685 million ($2.7 million). He is suspected of having benefited from privileged information on EADS’ financial prospects as well as delays to the Airbus A380 superjumbo project, which were announced in June 2006 and caused the stock to fall sharply.

CRIME

Two Ukrainians killed outside shopping centre in Bavaria

Two men were killed in front of a shopping centre in Murnau, a town in the Bavarian district of Garmisch-Partenkirchen, on Saturday.

Two Ukrainians killed outside shopping centre in Bavaria

A 36-year-old man died from his injuries at the scene, while a 23-year-old man was taken to hospital with serious injuries, where he later died, police said on Saturday evening.

Both of the victims were Ukrainian citizens who lived in the Garmisch-Partenkirchen district, police said.

The same evening, police arrested a 57-year-old suspect – said to be a Russian national – who lives near the crime scene.

The 57-year-old is now being investigated on suspicion of murder.

“The exact course of events, background and motive are now the subject of the criminal investigation,” the police said.

The public prosecutor’s office has applied for a warrant for the suspect’s arrest.

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