Another Rich Douchebag Car Company charged with bribing government officials re: crony kickbacks. Global investigation. Jail time expected.
4 hours ago … Rolls-Royce Holdings said the U.K.’s Serious Fraud Office has opened a formal investigation into bribery and corruption allegations involving employees of … in January to take charge of the internal inquiry and report findings.
5 hours ago … Rolls-Royce hired David Gold, the British peer and veteran lawyer, in January to take charge of the internal inquiry and report findings.
Dec 6, 2012 … Aircraft engine maker Rolls-Royce today said it may be prosecuted over alleged “ malpractice” in Indonesia and China after passing on …
Dec 6, 2012 … Rolls-Royce faces the threat of a multimillion pound fine on both sides … particularly of US companies charged with bribing overseas officials.
8 hours ago … Rolls-Royce says Serious Fraud Office is investigating allegations of bribery and … concerns about bribery and corruption in overseas markets, we have been informed by the … Rolls-Royce faces charges in SFO bribery probe.
Rolls-Royce Faces Corruption, Bribery Allegations. It’s CEO says the company and executives could face charges. Dec 6, 2012, 11:26 am EST | By Christopher …
For Sale: Deadbeat Fisker electric-car loan
Joseph N. DiStefano POSTED: WEDNESDAY, SEPTEMBER 18
The Department of Energy is selling rights to collect the defaulted $168 million it lent electric carmaker Fisker Automotive Inc. to restart a former General Motors plant on Boxwood Road in Vice President Biden’s home state of Delaware. Fisker did make some cars in Finland, hired (then laid off) dozens of Delaware managers, workers and contractors, and collected $21.5 million in additional Delaware state subsidies, but hasn’t made any cars there.
The loan sale may result in investors trying to revive Fisker, though the company owned few of its own patents. More at GoveSale.gov, and from Reuters, which notes an earlier sale of another failed “green” car loan, to Vehicle Production Group LLC, raised just $3 million vs a taxpayer loss of $50 million. Excerpts from the loan sale announcement : “The Department of Energy plans to sell by competitive auction, to be held on October 11, 2013, the future advance promissory notes issued by Fisker Automotive, Inc. in connection with a secured loan under the Advanced Technology Vehicles Manufacturing Program in respect of which approximately $168,000,000 is outstanding. “The loan is presently not performing.
Persons interested in purchasing the notes should promptly contact the Advanced Technology Vehicles Manufacturing Program at email@example.com to learn how qualified prospective purchasers may obtain additional information about the auction, including requirements for submitting an initial bid… The deadline for submitting initial bids is October 7, 2013 at 5:00 PM EDT. Bidders will have an opportunity to conduct due diligence prior to the bid deadline. Inquiries should include the sender’s name, business name, postal, street and email addresses, and telephone numbers.”