-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> World Economy -> 
Rolls-Royce probed by Indian police
    2019-08-01  08:53    Shenzhen Daily

INDIAN federal police have opened an investigation into Rolls-Royce Holdings Plc, alleging the U.K.-based engine maker and its Indian arm improperly used a third-party to conduct business with three Indian state-owned companies.

In a report published Tuesday, India’s Central Bureau of Investigation (CBI) also said officials from the Indian companies — Hindustan Aeronautics Ltd. (HAL), ONGC and GAIL — may have been involved in improper procurement from Rolls-Royce.

Rolls-Royce provided engine spare parts to HAL for servicing gas turbines used by GAIL and ONGC, both of which are involved in the oil and gas sector, the report said.

The report said Rolls-Royce’s appointment of Ashok Patni, director at a Singapore-based firm called Aashmore Private Ltd., as a commercial adviser in dealing with the three government-owned firms violated regulations and the arrangement may have been used for paying kickbacks to officials.

In an emailed statement, a Rolls-Royce spokesperson said that the police report related to the use of intermediaries by company’s erstwhile energy business in India, and that no current employee had been involved in those deals.

“We await contact from the CBI and will respond appropriately,” the spokesperson said.

Between 2007 and 2011, Rolls-Royce conducted more than 200 transactions with the three companies for the supply of materials and spare parts, for which Aashmore was paid commission of at least 550 million rupees (US$8 million), the CBI report said.

(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn