Rolls-Royce details 3 alleged payment lots to THAI

By THE NATION

 

 

A STATEMENT of facts prepared in connection with a deferred prosecution agreement in the case involving Rolls-Royce’s conspiracy to corrupt, plus false accounting and its failure to prevent bribery shows there were three counts of alleged wrongdoing involving Thai Airways’ purchase of the British company’s Trent engines.

 

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.

 

According to the statement, THAI purchased six Boeing 777s and RR sold Trent 800 engines to THAI for these aircraft, with $1 million available for each aircraft equipped with the RR engines for the purpose of influencing the buy decision.

 

Full story: http://www.nationmultimedia.com/news/national/30304583

 

 

 

-- © Copyright The Nation 2017-01-21

Names, please?

Thai Government, Thai Airways , "We know nothing "

regards Worgeordie

My bags are packed and I'm ready to go.

Bribes paid in 91/92 bit late to worry about that now.

Not me gov it was Somchai, he did it.

 

corruption in thailand, come on now, i don't believe this for one moment, . and i never lie. (could be their new work ethic) nah ! forget that, lol !!

Sounds like PTT was also in the RR emolument game?

 

Jet engines for you, jet engines for me, everyone get s a jet engine today, look under your seat.

These bad Brits going around bribing the good and ethical Thai business people! 

Shame on you! 

 

Yea, I received the shareholder notice from PTT as well. Energy companies in Thailand from 2000-2013 for bribery payment on six projects.

So many of today's 'pure as the driven snow' hiso, Bangkok elite were yesterday's sleazy, crooked ratbags, on the take and out for anything they could steal.

Death penalty for taking bribes of 1 billion Baht? If implemented the coffin makers will have a huge CNY party this year...

1 hour ago, djayz said:

These bad Brits going around bribing the good and ethical Thai business people! 

Shame on you! 

 

 

And how much did Boeing cough up???

6 hours ago, rooster59 said:

Rolls-Royce details 3 alleged payment lots to THAI

Yeah, right, "alleged "...

29 minutes ago, Basil B said:

 

And how much did Boeing cough up???

The airplane manufacturing sector is notorious for backhanders. 

 

10 minutes ago, djayz said:

The airplane manufacturing sector is notorious for backhanders. 

 

 

Having worked for a American multi-national I am very aware of Sarbanes-Oxley and American Ethics laws that they want to police the world with, problem is it is just like employing a fox to guard a hen house...

Whatever, the culprits are the receiver of the bribes,  if they had refused and reported it would have been an entirely different story, year 1991, Christ even I was younger then,  get a grip......................................

1 hour ago, Basil B said:

 

And how much did Boeing cough up???

I believe Boeing is facing an $800 m usd fine.

1 minute ago, catinthehat said:

I believe Boeing is facing an $800 m usd fine.

I am sure it would have been a lot more if Boeing was not an American company...

An enlightenment as to why the corrupt pays so much to get into power...

3 hours ago, djayz said:

These bad Brits going around bribing the good and ethical Thai business people! 

Shame on you! 

 

 

In many countries it would be considered the more serious crime as the developed country is in a more comfortable situation and would be seen to be profiteering from the greater potential to corruption brought by poverty, RR have acted shamefully, that is a given.

59 minutes ago, catinthehat said:

I believe Boeing is facing an $800 m usd fine.

 

About the same as the sales from six aircrafts engines, small change for RR.

....again...absence of details.....wow....

11 hours ago, rkidlad said:

Names, please?

Dave, John, Steve, Robert (and derivatives of course), Paul, Andrew..

 

That's it I'm spent.

 

Anyone else have any names?

 

Oh, Ann - just popped into my head. Go figure.

 

11 hours ago, harada said:

My bags are packed and I'm ready to go.

 I'm standing here outside your door,
I hate to wake you up to say good-bye...

11 hours ago, rkidlad said:

Names, please?

 

They just can't win, print the names and people call foul for giving them a head start, don't print the names and people call foul that it will be covered up.

3 hours ago, Shawn0000 said:

 

About the same as the sales from six aircrafts engines, small change for RR.

 

So Rolls Royce has to pay Boeing's fines as well

37 minutes ago, PiAnt said:

Dave, John, Steve, Robert (and derivatives of course), Paul, Andrew..

 

That's it I'm spent.

 

Anyone else have any names?

 

Oh, Ann - just popped into my head. Go figure.

 

Your post is pure genius. You, sir - will go down on TV like pork at a bar mitzvah. 

12 hours ago, rkidlad said:

Names, please?

Yes, indeed 'rkidlad', names, when I'm correct, the UK judicial system allows naming persons having benefitted from acts of corruption (while, in Thailand, when it ever comes in front of a Court, it will last till the Supreme Court will, one day, in 'xx' years have had the last say about it, untill anyone can be sued for having expressed the least of a doubt or criticism about a 'suspect'...), so please, let's have it, even when it brings the BBC off the screen for a day or two, let their nose be rubbed in their s..t, so, maybe, maybe, it will not be, once more, brushed under the carpet!

P.S.: I guess a carpet of that size can only be the one in the lobby of the 'inactive' department, LOL   

Edited January 21, 20179 yr by bangrak

21 minutes ago, Basil B said:

 

So Rolls Royce has to pay Boeing's fines as well

 

? Whoops

20 minutes ago, Basil B said:

 

So Rolls Royce has to pay Boeing's fines as well

Hey, you 'Basil B', don't start, hmm, nobody spoke about Boeing yet, so shut up, hmm, it will already be difficult enough as it is with RR to keep all the big names safe, got it now... LOL