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Rolls-Royce has set up a hotline for its employees to report bribery concerns the week that the SFO launched an investigation into claims of £48 million in kickbacks in India.
Corruption remains a very real issue, costing business and the EU economy an estimated €120bn per year.
A proposed amendment to the UK Bribery Act would give the SFO greater power to prosecute corporates for financial crimes committed by their employees.
Rolls-Royce Holdings, the world’s number two commercial jet-engine maker, said the US Department of Justice has joined UK fraud prosecutors in an investigation into bribery and corruption at the company.
Corruption remains a very real issue, costing business and the EU economy an estimated €120bn per year. [read more]
The two men were not current or former Rolls Royce employees and up to five residential addresses and one office were raided by SFO officers.
Serious Fraud Office chief seeks wider powers to pursue corporate crime.
The European Commission published its EU Anti-Corruption Report shows the UK has the lowest proportion of respondents in the EU who say that have been asked or expected to pay a bribe over the past 12 months or even know someone who has taken a bribe.
New tools, technologies and strategies aim to make it easier to embed anti-corruption and bribery policies into businesses.
Corruption inside law enforcement agencies is impossible to eliminate, according to the man charged with tackling malpractice inside Scotland Yard.
Midlands Fraud Forum Ltd. Reg.No: 06436330 Copyright © March 2014