Rolls-Royce bribery
Starting Date: 20 Jan 2017 | Total Update: 27 Stories
Rolls-Royce Plc admitted to the UK's Serious Fraud Office it had bribed Thai officials and THAI executives totalling $19m (B663m) during 1991-97 and 2004-05. But BBC reported on Wednesday that in the Thailand case, Rolls-Royce agreed to pay $18.8 million (663.3 million baht) to "regional intermediaries". The term refers to local companies that handle sales, distribution and maintenance in countries where the British firm does not have enough people on the ground.
