PTT under scrutiny over ‘bribes from Rolls-Royce’

[rooster59]

PTT under scrutiny over ‘bribes from Rolls-Royce’

By PRAPHAN JINDALERTUDOMDEE,
NATTHAPAT PHROMKAEW
THE NATION

 

 

NACC investigating Bt385 million allegedly paid to executives according to US justice dept.

 

INVESTIGATIONS into the Rolls-Royce bribery scandal have expanded to energy giant PTT, where the national anti-graft agency is looking into an allegation that its employees accepted bribes of more than Bt385 million from the British engine-maker.

 

Watcharapol Prasarnrajkit, president of the National Anti-Corruption Commission (NACC), said yesterday he has instructed the agency’s secretary-general, Sansern Poljieak, to determine the facts of the allegation as soon as possible. 

 

Full story: http://www.nationmultimedia.com/news/national/30304588

 

 

 

-- © Copyright The Nation 2017-01-21

[rkidlad]

I wonder if it's the same people who bought all the PTT shares via insider trading just as they came onto the stock market. Pure filth in these top dog positions. 

[smedly]

all these state enterprises need a good wash rinse and spin and those that are found to have accepted bribes (guilty of corruption) should be given lengthy  jail terms  and have their assets seized

 

come on Junta lets see your metal - this is exactly the stuff you said you would wipe out

[Enoon]

 

42 minutes ago, smedly said:

all these state enterprises need a good wash rinse and spin and those that are found to have accepted bribes (guilty of corruption) should be given lengthy  jail terms  and have their assets seized

 

come on Junta lets see your metal - this is exactly the stuff you said you would wipe out

 

Not much chance of that:

 

This major corruption scandal took place from 1991-2005.

 

It looks like the deal with THAI was cut very early in this period:

 

http://www.thaivisa.com/forum/topic/964888-rolls-royce-details-3-alleged-payment-lots-to-thai/

"For the first count, there was an alleged conspiracy to corrupt from June 1991 to June 1992, with RR agreeing to pay US$18.8 million (Bt666 million) to regional and other agents representing the Thai government and THAI so as to favour RR engines."

 

"The first Boeing 777 with Trent 800 engines flew in May 1995, and entered service with Thai Airways International on 31 March 1996."

 

That means that for most of the period (until 2001) the government in Thailand was being run by the "approved" people.

 

Approved by the "good" people.

 

The ones that the Army likes to protect, because they are so very "good".

 

Edited January 21, 2017 by Enoon

[Artisi]

24 minutes ago, smedly said:

all these state enterprises need a good wash rinse and spin and those that are found to have accepted bribes (guilty of corruption) should be given lengthy  jail terms  and have their assets seized

 

come on Junta lets see your metal - this is exactly the stuff you said you would wipe out

Yes - but !

[SaintLouisBlues]

34 minutes ago, smedly said:

come on Junta lets see your metal - this is exactly the stuff you said you would wipe out

Metal of interest to the junta

1. gold
2. silver

[Seligne2]

14 minutes ago, Enoon said:

 

 

Not much chance of that:

 

This major corruption scandal took place from 1991-2005.

 

It looks like the deal with THAI was cut very early in this period:

 

"Captain Yothin Phamornmontri, THAI’s former executive vice president operations, said the national airline started using Rolls-Royce engines when it purchased Boeing 777-200s, a new model at that time. This aircraft model was designed to be suitable with only two brands of engines made by the US’s GE and Rolls-Royce." 
 

"The first Boeing 777 with Trent 800 engines flew in May 1995, and entered service with Thai Airways International on 31 March 1996."

 

That means that for most of the period (until 2001) the government in Thailand was being run by the "approved" people.

 

Approved by the "good" people.

 

The ones that the Army likes to protect, because they are so very "good".

 

 

This is what Section 44 is for.

[sandrabbit]

Why are they showing a F35 vstol engine and vertical lift fan? I know the fan is made by RR but what is the connection to Thai Airways?

[maoro2013]

Who would have thought the Poms  would ever do duck things 

 

Waiting for reply

[Old Salt]

And could the same department dig a bit further into PTTs aviation bucket.  One wonders how PTT could contract an aviation company to service their Gulf of Thailand offshore rigs, without aircraft or staff established in Thailand...  very likely a bidding requirement...

[catinthehat]

8 hours ago, rooster59 said:

determine the facts of the allegation as soon as possible. 

And that's as far as any of these investigations will ever go. But it opens up a whole new revenue stream to reward the "investigators/probers".

[gamini]

Massive corruption in Britain's most prestigious company. I knew an arms dealer who paid massive amounts of bribery money on behalf of the British arms industry to officials all over the world. The amount was mind-boggling. I would also assume that it's not just the arms industry that is paying huge bribes to foreign officials, there could be a lot of other companies doing the same thing.
This should be a wake-up call for Brits who criticise Thailand for corruption. I think it's possible that all the money that's paid out by British companies in bribes probably exceeds the total bribes paid in Thailand

[khunken]

56 minutes ago, gamini said:

Massive corruption in Britain's most prestigious company. I knew an arms dealer who paid massive amounts of bribery money on behalf of the British arms industry to officials all over the world. The amount was mind-boggling. I would also assume that it's not just the arms industry that is paying huge bribes to foreign officials, there could be a lot of other companies doing the same thing.
This should be a wake-up call for Brits who criticise Thailand for corruption. I think it's possible that all the money that's paid out by British companies in bribes probably exceeds the total bribes paid in Thailand

You are not wrong.

Massive bribes were paid by BAE to Saudi officials for a large arms deal some years ago. It was investigated (can't remember by who) and when it became known to the Saudis they told Blair (PM at the time) to drop the investigation or no more British arms deals. Blair duly complied and the investigation was canned.

[elgordo38]

11 hours ago, rkidlad said:

I wonder if it's the same people who bought all the PTT shares via insider trading just as they came onto the stock market. Pure filth in these top dog positions. 

Its the same world wide. Duetsche bank is paying some 5 billion for mortgage fraud, Samsung is trying to escape arrest warrants in Korea, JP Morgan is paying a fine, VW and all the car companies for pollution tinkering the latest is Dodge diesels, (My daughter has one of these orphans) Apple is suing Qualcomm for monopolistic practices and on and on it goes. Funny when you try to Google this topic you draw a blank. Yes it is pure filth in these top dog positions but they feel no shame its only business. 

[SOTIRIOS]

...any more details...???

 

...what did they pay for/get in return.....???

[bangrak]

Guys from THAI, and PTT, both state companies, who could have guessed...? And other 'officials' and members of the governments, who would have guessed...? The only thing we can all guess rightly, is that none of 'the big guys' who have collected millions with this one of the, much too long, list of corruptions Thailand is 'rich' (a happy few yes, but the mass of taxpayers poorer) of, will, never, ever, see the inside of a jail, nor even probably be stripped off their family's assets...!

Mr. PM, sir, sorry to disturb you, you're so busy making Thais happy, I know, but, sir, this is yet another nice opportunity (they keep on coming, but keep on being missed or brushed aside...) to, really (I'm joking, I know) start with the eradication of corruption! Hello, ...sir? Ah, no, not yet, later, hmm, too many well known very high people, hmm I see, especially now with your 'reconciliation' efforts, ah, yes sure, and not make the RTAF an enemy, as THAI is their turf, oh yes can't do that, and even a RTP officer lost into it too, oh yes, sorry sir, I understand, my mistake, wish you a good night, sleep well, sir, sorry to have disturbed you for nothing, sir...

[ratcatcher]

10 hours ago, SaintLouisBlues said:

Metal of interest to the junta

1. gold
2. silver

But it will be of interest to see if the junta government has the mettle to investigate and prosecute the offending parties. You all know the answer to that.

[AGareth2]

SOL!

[bangrak]

37 minutes ago, elgordo38 said:

Its the same world wide. Duetsche bank is paying some 5 billion for mortgage fraud, Samsung is trying to escape arrest warrants in Korea, JP Morgan is paying a fine, VW and all the car companies for pollution tinkering the latest is Dodge diesels, (My daughter has one of these orphans) Apple is suing Qualcomm for monopolistic practices and on and on it goes. Funny when you try to Google this topic you draw a blank. Yes it is pure filth in these top dog positions but they feel no shame its only business. 

'elgordo', you know it has been a trick misused and abused by a certain 'clan' and its own political parties, and militias, quite a lot, so much, the: 'the others do it, so we can do it too' trick, rings a bell? But seeing you come up with it, could it mean you would be somewhere afraid a couple of their pawns or stooges, even some family members (PTT...), could have had their nose in that trough too...? Please enlight me, it will be a ...delight.

[bangrak]

6 minutes ago, ratcatcher said:

But it will be of interest to see if the junta government has the mettle to investigate and prosecute the offending parties. You all know the answer to that.

 

10 hours ago, SaintLouisBlues said:

Metal of interest to the junta

1. gold
2. silver

Nah, 'SaintLouisBlues', you're wrong, IMO, the 'numero uno' is: brass, big, a lot of it, on the uniform, that's the metal opening the way to the other, more precious, ones... LOL

[bangrak]

3 hours ago, gamini said:

Massive corruption in Britain's most prestigious company. I knew an arms dealer who paid massive amounts of bribery money on behalf of the British arms industry to officials all over the world. The amount was mind-boggling. I would also assume that it's not just the arms industry that is paying huge bribes to foreign officials, there could be a lot of other companies doing the same thing.
This should be a wake-up call for Brits who criticise Thailand for corruption. I think it's possible that all the money that's paid out by British companies in bribes probably exceeds the total bribes paid in Thailand

'gamini': it's quite noble to put the hot iron into your own flesh, Britton, but do you seriously think the Americans, the French, the Germans, the Russians, the Chinese, the Swiss, the Swedes, etc. etc. don't do the exact same? Most of their equipment is about the same, price/quality an issue, but the one about as lethal as the other. Where the idea from it would just be a company, or a country, making use of, very refined, systems to bribe customers for their murdering stuff? And why would it be limited to weapons? Wouldn't it be the same for all other stuff with big price tags and nice profit margins, ...and juicy side-contracts, you think? In my, small, EU country, a former minister, former PM, and NATO chief, together with a cohort of other politicians, specialist, and AF brass, fell with the Lockheed scandal, for collecting bribes and other 'advantages' from ordering F16s... Not only Thailand, no, most countries, but does your neighbour being a criminal justify you becoming one? I guess not. Stupid me...

[elgordo38]

1 hour ago, bangrak said:

'elgordo', you know it has been a trick misused and abused by a certain 'clan' and its own political parties, and militias, quite a lot, so much, the: 'the others do it, so we can do it too' trick, rings a bell? But seeing you come up with it, could it mean you would be somewhere afraid a couple of their pawns or stooges, even some family members (PTT...), could have had their nose in that trough too...? Please enlight me, it will be a ...delight.

I guess I was trying to prove a parallel point of a never ending trough. I was not trying to say because others do it its OK for PTT to do it although there is a monkey see monkey do mentality in the world today. I hope this enlightens you to my thinking which can go pear shaped at times on some subjects. I guess I am a conspiracy theorist to a point as I have had time to study things. It is not beyond our own government to destroy their own people to make a point. Right now I am involved in whether Hitler committed suicide in the bunker or escaped to Argentina. I am into that series Hunting for Hitler now and I think the History Channel has new evidence on it as well. Governments back then went for the easy answers much like the present day government here in Thailand. Governments/politicians/big business are the scourage of the day. 

[smedly]

8 hours ago, gamini said:

Massive corruption in Britain's most prestigious company. I knew an arms dealer who paid massive amounts of bribery money on behalf of the British arms industry to officials all over the world. The amount was mind-boggling. I would also assume that it's not just the arms industry that is paying huge bribes to foreign officials, there could be a lot of other companies doing the same thing.
This should be a wake-up call for Brits who criticise Thailand for corruption. I think it's possible that all the money that's paid out by British companies in bribes probably exceeds the total bribes paid in Thailand

there are a lot of ways to look at this, you either have RR offering bribes as the instigator or you have certain people in Thailand making demands..........there is a huge difference

 

RR has the best Engine and if put to proper tender would win...............................but not in Thailand because it is not about the Engine

[d123]

22 hours ago, gamini said:

Massive corruption in Britain's most prestigious company. I knew an arms dealer who paid massive amounts of bribery money on behalf of the British arms industry to officials all over the world. The amount was mind-boggling. I would also assume that it's not just the arms industry that is paying huge bribes to foreign officials, there could be a lot of other companies doing the same thing.
This should be a wake-up call for Brits who criticise Thailand for corruption. I think it's possible that all the money that's paid out by British companies in bribes probably exceeds the total bribes paid in Thailand

 

Unfortunately virtually every big company, no matter what their nationality, will probably be guilty of offering bribes sooner or later when they are dealing with many of the 'up and coming countries' (for want of a better term). 

[trainman34014]

43 minutes ago, d123 said:

 

Unfortunately virtually every big company, no matter what their nationality, will probably be guilty of offering bribes sooner or later when they are dealing with many of the 'up and coming countries' (for want of a better term). 

 

 

Replace 'up and coming' with 'Third World' and you are near the mark !

[bangrak]

23 hours ago, elgordo38 said:

I guess I was trying to prove a parallel point of a never ending trough. I was not trying to say because others do it its OK for PTT to do it although there is a monkey see monkey do mentality in the world today. I hope this enlightens you to my thinking which can go pear shaped at times on some subjects. I guess I am a conspiracy theorist to a point as I have had time to study things. It is not beyond our own government to destroy their own people to make a point. Right now I am involved in whether Hitler committed suicide in the bunker or escaped to Argentina. I am into that series Hunting for Hitler now and I think the History Channel has new evidence on it as well. Governments back then went for the easy answers much like the present day government here in Thailand. Governments/politicians/big business are the scourage of the day. 

Ah, 'elgordo38' that's what you're busy with now, well... as long as the Russians will 'sit on' part of a jawbone and not allow some tests to be made on the only piece of (possible) 'evidence' existing, to get a clear answer about whether or not it belonged to a certain AH, 'bonne chance'... But, let me guess, as a 'conspiracy theorist' even that wouldn't satisfy you...

[elgordo38]

1 hour ago, bangrak said:

Ah, 'elgordo38' that's what you're busy with now, well... as long as the Russians will 'sit on' part of a jawbone and not allow some tests to be made on the only piece of (possible) 'evidence' existing, to get a clear answer about whether or not it belonged to a certain AH, 'bonne chance'... But, let me guess, as a 'conspiracy theorist' even that wouldn't satisfy you...

I am working on a truth sifter right now. One that works better than a lie detector. 

[Aussie69]

Thats a photo of a Pratt & Whitney

[d123]

9 hours ago, Aussie69 said:

Thats a photo of a Pratt & Whitney

 

LoS...the Hub of prats (and a few ladyboys called Whitney?)