AGL 38.25 Decreased By ▼ -0.01 (-0.03%)
AIRLINK 138.97 Decreased By ▼ -2.03 (-1.44%)
BOP 5.45 Increased By ▲ 0.01 (0.18%)
CNERGY 3.79 Decreased By ▼ -0.05 (-1.3%)
DCL 7.57 Decreased By ▼ -0.03 (-0.39%)
DFML 46.15 Decreased By ▼ -0.04 (-0.09%)
DGKC 78.11 Increased By ▲ 0.61 (0.79%)
FCCL 29.10 Decreased By ▼ -0.18 (-0.61%)
FFBL 57.10 Increased By ▲ 0.60 (1.06%)
FFL 8.70 Increased By ▲ 0.10 (1.16%)
HUBC 101.82 Increased By ▲ 3.13 (3.17%)
HUMNL 14.25 Increased By ▲ 0.15 (1.06%)
KEL 3.82 Decreased By ▼ -0.01 (-0.26%)
KOSM 7.40 Increased By ▲ 0.01 (0.14%)
MLCF 38.35 Increased By ▲ 1.65 (4.5%)
NBP 69.50 Increased By ▲ 0.60 (0.87%)
OGDC 170.02 Increased By ▲ 0.52 (0.31%)
PAEL 25.65 Increased By ▲ 0.25 (0.98%)
PIBTL 6.60 Increased By ▲ 0.04 (0.61%)
PPL 133.58 Increased By ▲ 2.58 (1.97%)
PRL 25.00 Decreased By ▼ -0.11 (-0.44%)
PTC 15.54 Decreased By ▼ -0.10 (-0.64%)
SEARL 63.83 Increased By ▲ 5.83 (10.05%)
TELE 6.95 Increased By ▲ 0.05 (0.72%)
TOMCL 36.98 Increased By ▲ 1.74 (4.94%)
TPLP 7.70 Decreased By ▼ -0.03 (-0.39%)
TREET 13.96 Decreased By ▼ -0.14 (-0.99%)
TRG 44.97 Increased By ▲ 0.28 (0.63%)
UNITY 25.40 Decreased By ▼ -0.01 (-0.04%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,205 Increased By 53.2 (0.58%)
BR30 27,717 Increased By 483.5 (1.78%)
KSE100 86,206 Increased By 365.3 (0.43%)
KSE30 27,236 Increased By 2 (0.01%)

Thailand's anti-graft watchdog on Thursday said it will investigate senior government officials and employees of the country's flagship airline over bribes paid more than a decade ago by Rolls-Royce. In January Britain's Serious Fraud Office announced that Rolls Royce had paid out huge sums over three decades to win contracts in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.
Rolls Royce admitted to wrongdoing and agreed to pay a $808 million fine to authorities in Britain to settle the case. But the UK probe has sparked follow up investigations in some of the countries where the bribes were received. Thailand's National Anti-Corruption Commission (NACC) on Thursday said an initial fact-finding committee had uncovered "reasonable suspicion" of wrongdoing.
"There are enough facts and witnesses to investigate the allegations," Sansern Poljiak, secretary general of the NACC said. The statement said the probe would centre on the "transport minister, their deputy, the THAI Airways board and Thai Airways' long-term investment subcommitee" between 2004 and 2005 over a deal to buy six passenger jets with Rolls-Royce engines. The statement did not name any suspects. At that time the government was headed by Thaksin Shinawatra, a democratically elected prime minister who was toppled in a military coup in 2006. Two transport ministers served during that period.
The Thai Airways board at that time contained major business figures as well as five senior Air Force officers and a police general. The UK fraud probe, the country's largest ever, found some $36 million in bribes and incentives were paid between 1991 and 2005 to intermediaries - including "agents of the State of Thailand and employees of Thai Airways" - to help the company win lucrative jet engine deals.
Thai law places a statute of limitations on most crimes and some of the alleged offences that took place before Thaksin took office can no longer be prosecuted. Civil compensation claims can still be made though it is not clear if authorities plan to do so.

Comments

Comments are closed.