...to read that Thailand opted not to seek a cash windfall from a case against Rolls Royce while other nations did. Can't possibly imagine why.
From the Bangkok Post:
LONDON - Jet engine maker Rolls Royce has agreed to pay £671 million ($808 million, 28.5 billion baht) to settle bribery and corruption charges brought by authorities in Britain, the US and Brazil.
The case involved admitted bribery in Thailand, but authorities said no Thai complaint was filed, and no details were forthcoming.
But BBC reported on Wednesday that in the Thailand case, Rolls-Royce agreed to pay $18.8 million (663.3 million baht) to "regional intermediaries". The term refers to local companies that handle sales, distribution and maintenance in countries where the British firm does not have enough people on the ground.
Some of the money was for individuals who were "agents of the State of Thailand and employees of Thai Airways", it quoted the UK's Serious Fraud Office (SFO) as saying.
These agents "were expected to act in Rolls-Royce's favour with respect to a purchase by Thai Airways of T800 engines", the BBC report said.
The SFO said the matter covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery in conduct spanning three decades. It was the largest ever investigation carried out by the Serious Fraud Office and cost £13 million.
http://www.bangkokpost.com/news/transpo ... n-thailand