Rolls-Royce accused of bribery according to The Financial Times

Rolls-Royce accused of ‘buying the business’

The Financial Times newspaper reports that a former executive of the Brazilian state owned oil company Petrobras has accused British engineering company Rolls-Royce of bribery. 

Rolls-Royce accused of bribery according to The Financial Times

The newspaper claims (with supporting court documents) that Rolls-Royce paid bribes in excess of $200,000 USD to the former Petrobras employee in order to secure lucrative engineering contracts for gas turbines used on the company’s oil rigs. The contract had an alleged value of more than $100m USD.

Rolls-Royce has released the following statement via email:

“We have not received details of the allegations made in recent press reports, nor have we been approached by the authorities in Brazil”.

The allegation levelled at Rolls-Royce falls under a larger inquiry into Petrobras. The company is currently engulfed in controversy pertaining to wide spread corruption throughout its procurement practices. It has been alleged that Petrobras has received billions of dollars in bribes from suppliers eager to secure contracts.

Rolls-Royce is also currently under investigation by Britain’s Serious Fraud Office. The investigation that began in 2013 centres on corruption and bribery claims present within the company’s operations in China and Indonesia. Such claims included the ‘gifting’ of 20 million dollars and a blue Rolls-Royce car to Tommy Suharto (son of Indonesia’s former president, General Suharto) – in a bid to persuade the national airline to use Rolls-Royce engines for its fleet.