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Rolls-Royce Apologises for Global Bribery Scandal Involving China, Russia, Indonesia

muhadjir - Wednesday, 18 January 2017 - 19:06 WIB

Wednesday, 18 January 2017 - 19:06 WIB

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Dark shadow looms over Britain's standard-bearer Rolls-Royce.

Hasil gambar untuk pictures of Roll-Royce global scandal

Dark shadow looms over Britain’s standard-bearer Rolls-Royce.

 

London, 18 Rabiul Akhir 1438/17 January 2017 (MINA) – The engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of poundsā€™ worth of cash to middlemen to secure orders in six countries, including Indonesia, Russia and China.

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Britainā€™s leading multinational manufacturer made the admissions on Tuesday at the high court in London, a day after it was revealed that it would pay Ā£671 million (US$828 million) in penalties to settle long-running corruption allegations.

In a statement read out in court, the firm said it ā€œapologised unreservedly for the conduct which has been uncoveredā€, scmp.com reported on Wednesday.

The settlement was reached with investigators from three countries ā€“ the UK, US and Brazil ā€“ who five years ago started to scrutinise allegations that the firm had hired middlemen to pay bribes to win contracts.

Richard Whittam, a QC for the Serious Fraud Office (SFO) , detailed the findings of what he said was the ā€œlargest individual investigation conducted by the SFO to dateā€.

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The agreement between the firm and the SFO ā€“ called a deferred prosecution agreement ā€“ revealed systemic and long-running use of middlemen over three decades. The court heard that In Indonesia, Rolls-Royce gave US$2.25 million and a Rolls-Royce Silver Spirit car to an individual in exchange for a ā€œfavour to Rolls-Royce on a contractā€ for Trent aero engines to be provided to Garuda Indonesia.

Separately Rolls-Royce paid a representative from a rival bidder to deliberately submit an uncompetitive bid on a contract Rolls-Royce successfully secured.

In agreements announced on Monday, Rolls-Royce said it would pay Ā£497million to the SFO. It will also pay US$169m in penalties to the US Department of Justice and US$25million to the Brazilian authorities. T/RS05/RS01)

Mi’raj Islamic News Agency (MINA)

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