Manufacturers ignorant of bribery rules as Rolls-Royce investigation continues

Posted on 3 Jan 2013
Manufacturers have a history of trouble with the authorities. BAE Systems paid a £288m fine to authorities in the US and the UK after accepting a charge of false statements and accounting practices, notably over deals with Saudi Arabia and Tanzania. Photography by Kelly B.

With Rolls-Royce currently being investigated over allegations of bribery in China and Indonesia, could more manufacturers be set to get an interrogation from the Serious Fraud Office?

The fraud, investigations and disputes services team at financial services firm Ernst & Young found that just half of firms in the Britain had even heard of the UK Bribery Act. Fewer manufacturing directors knew of the regulation than the national average, with 53% not having heard of it compared to 44% across all business…

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