Rolls-Royce admitted last week a series of bribery and corruption offences around the world (some going back decades) as part of a £671m settlement with the UK, US and Brazilian authorities. In SE Asia, Garuda, AirAsia and Thai executives at the time have been implicated. In Indonesis, the govt has announced an investigation against previous management.
So it is interesting to read in today’s FT that
Singapore’s Corrupt Practices Investigations Bureau said that it was “working closely with the relevant authorities” in connection with the investigation into Rolls-Royce.
Does this mean SIA executives are being investigated?
Get in the case Terry’s Online Channel.
Advertisements
I’m pretty certain the SQ team are clean. There is a prominent Singaporean on the RR board. Let’s hope the corruption was before his time.
He’s on the int’l board not on the board of directors.
SIA is just small fry. In 2007 RR was keystone investor in Seletar Aerospace Hub — involving EDB, MTI, SLA, JTC.