Police allay fears over LTTE resurgence in North

However a local Police official told the Asia Pacific Daily (APD) it was believed the leaflets were distributed to spread fear and create instability. The Police today allayed fears of an LTTE resurgence after leaflets appeared in the North claiming to be from the LTTE.The leaflets claimed that the LTTE was still in operation and was planning to revive its operations. The LTTE was militarily defeated in May 2009 after 30 years of war.However LTTE supporters still continue to spread their ideology overseas. (Colombo Gazette) The official, who did not wish to be named, said that the security in the North was stable and there was no room for terrorism related activities to take place. read more

Rolls Royce agrees to pay 808 million on bribery claims

by Danica Kirka, The Associated Press Posted Jan 17, 2017 6:25 pm MDT Last Updated Jan 17, 2017 at 7:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email LONDON – Jet engine maker Rolls Royce has agreed to pay 671 million pounds ($808 million) to settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil.U.K. High Court judge Brian Leveson approved a deferred prosecution agreement during a public hearing on Tuesday. The agreement follows a four year investigation, which will continue to look at the conduct of individuals.Britain’s Serious Fraud Office said the matter covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery in conduct spanning three decades. It was the largest ever investigation carried out by the Serious Fraud Office and cost 13 million pounds.“Bribery harms the reputation of the U.K. as a safe place to do business,” said David Green, the SFO director. He said the agreement “allows Rolls-Royce to draw a line under conduct spanning seven countries, three decades and three sectors of its business.”Rolls’ civil aerospace, defence aerospace businesses and former energy businesses were involved in matters relating to aero engines, energy systems and related services. The U.K.’s agreement covered conduct in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.U.S. Justice Department officials have said that part of the business obtained through the scheme was for Rolls-Royce Energy Systems Inc., a Rolls-Royce subsidiary based in Mount Vernon, Ohio.Rolls-Royce said in a statement that the “voluntary agreements” will result in the suspension of prosecution. Company CEO Warren East apologized and said the behaviour of the past was “completely unacceptable.”“This was unworthy of everything which Rolls-Royce stands for, and that our people, customers, investors and partners rightly expect from us,” he said in a statement. “The past practices that have been uncovered do not reflect the manner in which Rolls-Royce does business today.”The company said it had co-operated with authorities and would continue to do so.Under the terms of the deal, the company will pay 497 million pounds plus interest to British authorities on a schedule of up to five years. It will pay the U.S. authorities $169 million and $25.6 million to the Brazilians.Transparency International’s U.K. executive director Robert Barrington says individuals should be prosecuted so the case serves as a deterrent to bribery.He argued, however, that the hint of prosecutions of individuals involved is too vague to assess whether the public interest has really been served. “A fine is insufficient as a punishment and deterrent, because at face value, it sends an unfortunate message that large companies can escape criminal prosecution by paying their way out — somewhat ironically for a bribery case,” Barrington said. Rolls Royce agrees to pay $808 million on bribery claims read more