Rolls-Royce has been stung by bribery and corruption allegations involving intermediaries related to its acquisition and delivery of contracts and work in China.<\/p>\n
A report by the UK's Sunday Times alleges that Rolls-Royce made possibly illegal payments for a 2005 contract with China's flagship airline Air China. And later in 2010 Rolls-Royce allegedly engaged in similar activities with China Eastern Airlines.<\/p>\n
The paper reports that a possible expeditor named Chen Xin, who apparently worked for the two airlines, was arrested in 2011 in China on suspicion of accepting payments.<\/p>\n
In a statement issued last month by John Rishton, Rolls-Royce's CEO, he stated, \"I want to make it crystal clear that neither I nor the board [at Rolls-Royce] will tolerate improper business conduct of any sort and will take all necessary action to ensure compliance. This is a company with exceptional prospects and I will not accept any behaviour that undermines its future success\".<\/p>\n
The UK's Serious Fraud Office has been probing Rolls-Royce's part in the fiasco which were instigated by a Rolls-Royce whistleblower. No action has been taken yet in the UK against the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rolls-Royce has been stung by bribery and corruption allegations involving intermediaries related to its acquisition and delivery of contracts and work in China.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[1096,79,607,3941,6596,6526,2543,1479,1227],"class_list":["post-8747","post","type-post","status-publish","format-standard","hentry","category-law-order","tag-air-china","tag-bribery","tag-china-eastern","tag-corruption","tag-newspaper","tag-rolls-royce","tag-uk","tag-united-kingdom","tag-whistleblower"],"acf":[],"yoast_head":"\n