We've talked about South Korea's foreign bribery laws and we looked at specific compliance risks related to gift giving, rebates, and kickbacks. In this post we'll look at enforcement actions in South Korea and what specific steps can reduce compliance risks there.
Entries in China Eastern Airlines (6)
The UK Serious Fraud Office has been granted special funding from the Treasury for a bribery investigation of jet engine-maker Rolls-Royce in China and Indonesia, the Financial Times reported Sunday.
Tommy Suharto, left, the youngest son of Indonesia's former president, has denied receiving cash and a luxury car from Rolls-Royce Holdings Plc, his lawyer said.
The head of Rolls-Royce's aerospace division resigned Monday amid reports the company is close to resolving civil charges with the Serious Fraud Office for bribery in China, Indonesia, and other countries.
Rolls-Royce appointed an outside lawyer to investigate allegations of overseas bribery in China and Indonesia.
If allegations from a pseudonymous blogger are true, Rolls-Royce propelled itself into the Asian market with the help of payments passed to an executive of Air China and China Eastern Airlines.