On October 10th 2011, Transparency International UK called on the U.K. Government to support a full investigation by the Serious Fraud Office (SFO), following serious bribery allegations involving GPT Special Project management, the UK subsidiary of European defence company and Global Compact participant EADS, and the Saudi Royal family,
The Attorney General was reportedly deliberating over whether the SFO should continue to investigate allegations that GPT Special Project management made illicit payments to the Saudi Royal family in order to secure a contract worth GBP 2 billion.
Transparency International U.K. Press Release
More info from the Bribery Library
This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
My Blog List
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment