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The Rolls-Royce bribery scandal that sent Thai national airline into nosedive

The Rolls-Royce bribery scandal that sent Thai national airline into nosedive

13 Sept 14:24 Key points summarised by AI
  • Thailand's National Anti-Corruption Commission (NACC) indicted two former Thai Airways International (THAI) executives for violating anti-corruption laws in a 1990s Rolls-Royce engine procurement deal.
  • Rolls-Royce admitted in 2017 to UK authorities that it paid US$36.3 million in bribes to Thai government officials and THAI employees between 1991 and 2005 to secure engine purchase deals.
  • The scandal, involving significant outlays for engines due to bribery and mismanagement, is identified as a primary cause for THAI's financial downfall and subsequent bankruptcy, leading to court-supervised business rehabilitation.
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