AAR Corp. slides after Hunterbrook says scrutiny ‘may be heating up’

After aircraft maintenance service provider AAR Corp. said in an SEC filing released on Monday that it continues to cooperate with inquiries by the U.S. Department of Justice and Securities and Exchange Commission, as well as the U.K. Serious Fraud Office, related to the company’s potentially illegal conduct in Nepal and South Africa, Hunterbrook Media reported that its examination of responses to FOIA requests “reveals that scrutiny of the company’s practices may be heating up.” Based on Hunterbrook Media’s reporting, Hunterbrook Capital is short shares of AAR Corp. On August 7, three members of AAR’s leadership team stopped by the SEC’s headquarters, according to visitor logs obtained through a Freedom of Information Act request and reviewed by Hunterbrook Media, the organization reports. “When Hunterbrook requested comment on whether AAR’s leadership team visited the SEC in relation to the bribery schemes – or whether it had to do with another inquiry entirely – AAR did not reply,” the organization added. In early afternoon trading, shares of AAR are down $2.01, or 3%, to $63.98 following the report.