The US regulators announced on the 22nd that the Securities and Exchange Commission (SEC) fined the aviation giant Boeing 200 million US dollars (about 6.4 billion Taiwan dollars) for the safety of the passenger plane. 737 MAX after two fatal accidents. Misleading sex assurances.
In a statement, the Securities and Exchange Commission said Boeing has agreed to accept sanctions to resolve allegations of “negligent violations of anti-fraud provisions (US securities laws)” that Boeing and its leaders “profit on people.”
Former Boeing CEO Dennis Muilenburg also agreed to pay $ 1 million to settle the same charges in a civil lawsuit, AFP reported. The deal is the latest blow for Boeing on the 737 MAX after Lion Air crashed in Indonesia in October 2018 and Ethiopian Airlines crashed in Ethiopia in March 2019. The two accidents together claimed nearly 350 lives.
A month after the Lion Air crash, Muilenburg accepted a Boeing press release that “selectively highlights some facts” suggesting pilot error and poor maintenance of the plane caused the crash. The press release also attests to the safety of the aircraft, but does not reveal that Boeing is known to have a safety issue with a critical flight processing system, the Maneuvering Features Gain System (MCAS), and is in the process of redesigning it.
After the second incident, Boeing and Muilenburg reassured the public that “there were no surprises or gaps” in the federal certification of the 737 MAX, despite having very different information, the SEC said.
“In times of crisis and tragedy, it is especially important that public companies and executives provide the market with full, fair and truthful disclosure,” SEC President Gary Gensler said in a press release. “Boeing and its former CEO Muilenburg failed to meet this more basic responsibility. They misled investors by offering guarantees on the safety of the 737 MAX even though they knew there were serious safety concerns.
Publisher: Qin Yingwen
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