Rolls Royce on Bribing spree, its claimed.

TaxExtension.com
Share Button

UK-based Rolls Royce has been accused of bribing an employee of Brazil’s state-controlled oil company to win a $100 million contract to provide gas turbines for oil platforms.

Former Petrobras employee Pedro Barusco reportedly told police Rolls Royce gave him at least $200,000 as a bribe. He’s cooperating with prosecutors after reaching a plea deal in November.

Barusco’s testimony was included in 600 pages of documents released by a federal court in Brazil this month.

Rolls Royce said it hasn’t been contacted by Brazilian authorities about the case. The company told the BBC Monday it doesn’t “tolerate improper business conduct of any sort.”
The UK Serious Fraud Office said in 2013 that it was “accelerating” a criminal investigation into allegations of bribery and corruption at Rolls Royce.
Rolls Royce said in late 2012 the SFO had asked it to investigate allegations of misconduct involving intermediaries in Indonesia and China.
Reports appeared in China two years ago that Rolls Royce bribed executives of Air China and China Eastern Airlines to win sales in 2005 and 2010. The head of the company’s aerospace division resigned in May 2013 after less than a year in the job.
See more at:

Share Button
urope Travel Deals! Save up to $30 ◊ with Promo Code EUROPE30. Book Now!

Comments are closed.

©2015 - 2017 Immigrant Nation a business of African Wood Inc, 1201 N Orange St., Wilmington DE 19801 USA