Rolls-Royce will reduce the number of middlemen it employs in an effort to prevent bribery and corruption, according to Reuters.
With the Serious Fraud Office (SFO) leading investigating concerns of possible bribery and corruption in China and Indonesia as well as latest accusation of wrong doings in India, the British engine-maker in its annual report on Wednesday said that it has relaunched a 24-hour ethics telephone line for staff and created a new role of head of risk training.
Rolls-Royce is currently under scrutiny by India’s Central Bureau of Investigation for alleged corruption into state-run Hindustan Aeronautics Ltd's (HAL) orders from the company.
A year earlier, it had passed information to the SFO relating to bribery and corruption involving intermediaries in overseas markets, and said it could face prosecution.
Rolls-Royce is also facing an investigation into state-run Hindustan Aeronautics Ltd's (HAL) orders from Rolls-Royce.
"The number of intermediaries used by our businesses has continued to fall dramatically during the year," Rolls said in its annual report.
Finmeccanica has ‘improved its position in the international ranking of defense companies engaged in the fight against corruption, according to Transparency International (TI). The Indian Central Bureau of Investigation CBI) is continuing with its investigation into the payment of bribes to secure a contract to sell AgustaWestland helicopters to the Indian Air Force
Rolls-Royce has won a contract worth $442 million for initial production of 17 lift systems to be used in a US fighter jet, F-35B. Rolls-Royce said on Monday it agreed the contracts with Pratt & Witney, which builds the engine for the jet, in a deal which complied with a plan to reduce the cost of building the aircraft, according to Reuters
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