Former Airbus chief executive Gustav Humbert has been placed in police custody for questioning as part of a probe into allegations of insider trading at European aerospace group EADS, a police source said on Monday. Humbert, who resigned in 2006 after the announcement of delays to the A380 superjumbo hit the EADS share price, is the third former executive to be questioned while being detained.
Humbert, a German national, was being held in Paris, the police source said. Under French rules, such custody can last up to 48 hours. Police can then decide whether to free him or take him before a judge, who would then decide whether or not to.
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