Rolls-Royce let off the hook with heavy penalty of $800 million
The Dollar Business Bureau The British engine maker Rolls-Royce has secured a Deferred Prosecution Agreement (DPA) with the authorities in Britain, US and Brazil. To avoid further criminal prosecution and settle the enormous corruption scandal, investigation into which has been on for five years now, Rolls-Royce has agreed to pay a penalty of a little over $800 million. Seven countries; a Serious Fraud Office (SFO) investigation costing $16 million; charges of corruption and bribery spanning three decades; disciplinary proceedings against 38 employees and 30 million documents scanned! The Rolls-Royce scandal sure has all the markings of a truly international headline grabbing mega event. The niche-serving luxury brand was charged with corruption, bribery and false accounting practices with regard to its dealings in as many as seven countries, namely, Thailand, Indonesia, Malaysia, China, Russia, Nigeria and ...
Energy = Success
Ever since Meher joined Thermax – a company focused on alternative energy – there has been no looking back. 75 countries and counting is definitely a growing global business! Ahmad Shariq Khan | March 2016 Issue | The Dollar Business Meher Pudumjee, Chairperson, Thermax Ltd. Today, as the Chairperson of Thermax Ltd., Meher Pudumjee’s leadership has been instrumental in shaping the success story of Thermax as it stands among the leading companies in its segment, not just within the country but beyond borders as well. When asked if working outside her family business was ever a choice that she considered, Meher replies that one of the values her parents instilled in her at a young age, was the freedom to make her own ...
