1 RIO TINTO TO SELL US BORON ASSETS WWW.MINING.COM PUBLISHED:2025/11/27      2 MONGOLIA MAY JOIN CIS RAILWAY TRANSPORT COUNCIL WWW.REPORT.AZ PUBLISHED:2025/11/27      3 MONGOLIAN SOLAR PLANT: UNIQUE 2024 PROJECT UNVEILED WWW.PVKNOWHOW.COM PUBLISHED:2025/11/27      4 FACTORS SHAPING INDIA'S RENEWED INTEREST IN MONGOLIA AND WHY CHINA IS SURE TO NOTICE WWW.CALIBER.AZ PUBLISHED:2025/11/27      5 MONGOLIA OBSERVES REPUBLIC PROCLAMATION AND FIRST CONSTITUTION ANNIVERSARY WWW.MONTSAME.MN PUBLISHED:2025/11/27      6 OVER 200 INTERNATIONAL SHIPS NOW SAIL WITH MONGOLIAN FLAG WWW.GOGO.MN PUBLISHED:2025/11/27      7 GOVERNMENT ALLOCATES MNT 1 BILLION FOR OVERTIME INCENTIVES OF MEDICAL STAFF WWW.MONTSAME.MN PUBLISHED:2025/11/27      8 MUNKHSUKH SUKHBAATAR APPOINTED AS OYU TOLGOI CHIEF EXECUTIVE OFFICER WWW.EN.MININGINSIGHT.MN  PUBLISHED:2025/11/26      9 MONGOLIA EMBRACES FOREIGN CAPITAL WWW.IFRE.COM PUBLISHED:2025/11/26      10 THERMAL POWER PLANT 5 TARGETS CLEANER AIR, RELIABLE ENERGY FOR ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2025/11/26      МОНГОЛ, ЯПОНЫ ТӨР, ХУВИЙН ХЭВШЛИЙН XII ЗӨВЛӨЛДӨХ УУЛЗАЛТ БОЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/27     ДОПИНГИЙН ШИНЖИЛГЭЭНИЙ ДҮН ГАРСНЫ ДАРАА УЛСЫН ЦОЛ ОЛГОХ ТӨСӨЛ САНААЧИЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/27     ЕРӨНХИЙ САЙДЫН ОРОСТ НАЙР ТАВЬСАН САНАЛ НЬ МОНГОЛЫГ БАРУУНЫ ДАВХАР ХОРИГ, FATF-ЫН СААРАЛ ЖАГСААЛТАД ОРУУЛАХ ЭРСДЭЛТЭЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/27     "ТОМУУГИЙН ТАРХАЛТ ӨНДӨР СУРГУУЛИУДЫН 1-5 АНГИЙН СУРАГЧДЫГ ДАВАА ГАРАГААС ЦАХИМААР ХИЧЭЭЛЛҮҮЛНЭ" WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/27     ЭМЭЭЛТ ЭКО АЖ ҮЙЛДВЭРИЙН ПАРК ТӨСӨЛД ХЯТАДТАЙ ХАМТРАН АЖИЛЛАНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/27     KAZINFORM: МОНГОЛООС ДЭЛХИЙН ТАВЦАНД ГАРСАН “SILK WAY STAR”-ЫН АНХНЫ ЯЛАГЧИЙН ЗАМНАЛ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/27     ЭРЭЭН ХОТЫН ГААЛИЙН ТАЛБАЙД 8000 ТОНН, “ТАВАНТОЛГОЙ ТҮЛШ” КОМПАНИЙН ҮЙЛДВЭРТ 35 МЯНГАН ТОНН ХАГАС КОКСОН ТҮЛШ НӨӨЦЛӨӨД БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/27     "ОЮУ ТОЛГОЙ" КОМПАНИЙН ГҮЙЦЭТГЭХ ЗАХИРЛААР С.МӨНХСҮХИЙГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/26     ХАГАС КОКСОН ТҮЛШИНД ХИЙСЭН ШИНЖИЛГЭЭНИЙ ХАРИУ ГАРЧЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/11/26     УУЛ УУРХАЙН БҮТЭЭГДЭХҮҮНИЙ БИРЖИЙН АРИЛЖАА 226 ХУВИАР ӨСЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/11/26    

Rolls-Royce apologizes for bribery scandal and pays huge fine www.rt.com

British engineering company Rolls-Royce has agreed to pay a record £671 million ($830 million) to British, US and Brazilian authorities to settle bribery and corruption allegations.

The company said it “apologized unreservedly for the conduct which has been uncovered.”

The three countries launched the investigation five years ago, as they suspected Rolls-Royce of hiring intermediaries to pay bribes to win better contracts internationally.

According to Britain’s Serious Fraud Office (SFO), this is the “largest individual investigation conducted by the SFO to date.”

The SFO concluded that in Indonesia, senior Rolls-Royce employees agreed to pay $2.25 million and give a Rolls-Royce Silver Spirit car to an intermediary in exchange for a “favor to Rolls-Royce on a contract” for Trent aero engines. Separately, the British firm bribed a rival bidder to submit an uncompetitive bid to keep the contract.

In China, Rolls-Royce paid $5 million to CES, a state-owned Chinese airline, while negotiating the sale of T700 engines. The company agreed to provide the Chinese with a two-week MBA course at Columbia University, and "four-star accommodation and lavish extracurricular activities."

In Russia, Rolls-Royce won a contract to supply equipment to the state-owned gas company Gazprom by paying a senior Gazprom official, the SFO concluded.

Brian Leveson, the president of the Queen’s Bench Division of the High Court, said if Rolls-Royce had not been prosecuted, it would be hard to pursue any other company in the future.

“My reaction when first considering these papers was that if Rolls-Royce were not to be prosecuted in the context of such egregious criminality over decades, involving countries around the world, making truly vast corrupt payments and, consequentially, even greater profits, then it was difficult to see when any company would be prosecuted,” he said in his judgment.



Published Date:2017-01-18