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Bombardier execs arested

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Bombardier execs arested

Old 10th Mar 2017, 16:16
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Bombardier execs arested

CBC News just announced the arrest of three Bombardier executives charged with bribery involving aircraft sales, this should be entertaining!
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Old 10th Mar 2017, 17:00
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For what type of aircraft... Business or airline?
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Old 10th Mar 2017, 17:09
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Actually it looks like the locomotive division are the offenders this time, I guess this problem company wide.
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Old 10th Mar 2017, 17:16
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LOL... Tell me which company in this world does not propose bribes to get a contract?
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Old 10th Mar 2017, 17:33
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LOL... Tell me which company in this world does not propose bribes to get a contract?
Contract kickbacks are a disease that has to be eliminated and it is absolutely correct that the more enlightened western countries are taking a zero-tolerance policy towards this cancer.

I work in Nigeria where no contract is ever signed by state governors unless they receive a massive kickback to their personal bank accounts - the result is disgraceful. Whole airports get built just so the state governor can get a kickback (e.g. Jalingo airport) and are never used by any aircraft except the state governors personal jets.

I hope those Bombardier execs get jail sentences (and their Rolls Royce homologues - and anybody else who pays bribes to win contracts).
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Old 10th Mar 2017, 18:34
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Like these Canadians?

http://mt.sohu.com/20170114/n478710256.shtml


and the google translation

January 13, Southern Airlines Co., Ltd. former deputy general manager Liu Fen in Shenzhen Intermediate People's Court trial. Liu Fei is a pilot origin, has received a number of commercial flight license, is also the highest in recent years, the highest salary of Southern executives. The prosecution charged him with a total of RMB208,000 and A $ 100,000 for bribes from subordinates, as well as $ 700,000 (equivalent to $ 4.83 million) from CAE.
Liu Fei in court pleaded guilty, but the amount involved in the objection. In response to the "700,000 US dollars" bribery plot, he said it was under the threat of investigators who invented the guilty confession.
Liu bribery occurred mainly in the early 2006 to 2015, he served as Zhuhai Xiangyi Aviation Technology Co., Ltd. (hereinafter referred to as "Zhuhai Xiang Yi") during the board. Zhuhai Cheung Wing was established in 2002, by the Southern Airlines and the world's largest aircraft simulation machine manufacturer CAE International Holdings Limited joint venture set up aircraft training institutions.
Zhuhai Cheung Wing is Asia's largest simulation flight training base, every new entry into China Southern Airlines flight attendants, joined the fleet in the implementation of the mission before the first step is to complete the Zhuhai Xiangyi eight weeks of training tasks, assessment Qualified will be approved by the Chinese Civil Aviation Authority training certificate.
To Liu fiber bribery is the joint venture company director Lin Qingtong and foreign CAE China sales representative Hu Wei. The prosecution said: Lin Qingtong in the pursuit of Zhuhai Xiangyi Aviation Technology Co., Ltd. assistant general manager of the job process, has been Liu fiber help. Lin Qingtong after playing with its golf, the first time to Liu fiber a cowhide envelope. Liu fiber at first turned down, after Lin Qingtong insisted under the received 30,000 yuan. Then in 2010 to 2015, Lin Qingtong many times in the Spring Festival, Mid-Autumn Festival, the other birthday during the grant to Liu Yi Li Jin, totaling about 20.8 million yuan. In addition Liu Fen went to Australia in 2013, when Lin Qingtong helped exchange 10,000 Australian dollars (equivalent to about 60,000 yuan). (See "the annual salary of the first row of the first deputy charge of China Southern subordinate bribery") Liu admitted to accept Lin Qingtong bribery.
The biggest controversy in the case appears on another bribery charge.
Prosecutors allegations, 2009 to 2015 Canada CAE China sales representative Hu Wei has five times through Lin Qingtong invited Liu fiber to eat, after dinner will be packed into a gift for the gift of money to Liu fiber, the total amount of 700,000 US dollars.
During the period from 2011 to 2013, CAE negotiated directly to the Zhuhai Xiangyi 13 simulators at a price close to the initial offer. The prosecution issued a witness testimony that in 2010, Zhuhai Xiangyi is trying to implement the tender, but in the Hu Wei and others to prevent the next trip. The implementation of the work of the staff had to Liu said that a single price procurement model there are drawbacks, China Southern Airlines almost no bargaining space. Liu fiber did not stand.
Prosecutors issued a witness testimony said, CAE Zhuhai wing to get the simulation machine orders and Liu fiber has a great relationship, Hu Wei bribery Liu fiber, is the amount of hope in the simulator, the number of Liu fiber support. Hu Wei because of the agreement with the CAE, you can extract 5% of the performance income, from which to earn millions of dollars. In the testimony of witnesses, Hu Wei said that the bribes of $ 700,000 came from this, he was still in the investigation, the succession of the bribery process.
Liu fiber argued that he did not involve the purchase amount and the number of negotiations and other links, he did not intervene in a single price procurement model, the biggest reason is that China Southern Airlines General Manager Division Xianmin has greeted. Liu said that Si Xianmin had spoken, Zhuhai Xiang wing of the "foreign tube well." Secretary Xianmin use of office to facilitate bribery of about 7.893 million yuan, has been handled separately. (See "China Southern Airlines General Manager Division Xian Min admitted to accepting bribes 7.89 million")
Liu said, "700,000 US dollars in five times the collection" is its faction come from. During the investigation, he was commissioned by the Commission for Discipline Inspection. In its original statement, 700,000 US dollars in the 400,000 US dollars to the Secretary for the people, the remaining 300,000 yuan in foreign play slot machine spent. During the trial, no bribes came to court to accept the court investigation, and with Liu fiber confrontation.
Liu fiber case did not sentence in court.
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Old 11th Mar 2017, 10:03
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Contract kickbacks are a disease that has to be eliminated and it is absolutely correct that the more enlightened western countries are taking a zero-tolerance policy towards this cancer.
As Rolls Royce in the Uk recently found out to it's cost:



Rolls-Royce apologises after 671m bribery settlement - BBC News
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Old 11th Mar 2017, 23:56
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Wot? Isn't a bribe like a commission in reverse?
One being more legitimate than the other, I suppose.
One's an illness whilst the other a disease. (I don't like commissions myself)
If one plays too much by the rules in this life, one will never achieve success in this world.
I have no doubt competitors for this contract all had backhanders tucked away for a competitive edge in the bidding.
Well done Bombardier. Good game.

Willie
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Old 15th Mar 2017, 14:56
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It's just like NASCAR folks - if ya ain't cheatin', ya ain't tryin'!
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Old 15th Mar 2017, 17:44
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I was just about to suggest that Willie would be along shortly to blather on about how wonderful Bombardier is, how lucky we are to have such a shining national icon and how we Canadians should all be grateful that we can continue to allow them to continually throw our money away....

But he beat me to it!!!


(BTW It was always a source a great amusement within the Transportation Division (Rail) that pricing could only ever be discussed with clients by a select clique down in Montreal..... 'Buyer Commissions' dontchaknow. )
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Old 16th Mar 2017, 01:21
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er340790

Thanks for the shout out.
Willie
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Old 16th Mar 2017, 04:48
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In some parts of the world, it's a way of life. If you don't do it, you don't do business.
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Old 16th Mar 2017, 15:02
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Historically Quebec based business is far more likely to bribe to obtain contracts. SNC for example.
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Old 16th Mar 2017, 15:50
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Radio interview with more information here:

CBC Listen | As It Happens | Bombardier investigation, small Waldo (Part 2)
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Old 18th Mar 2017, 01:18
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Seriously, it's one thing to charge someone for a crime but it's an entirely different process getting a conviction. There's a simple matter of 'innocent until proven guilty' here. Even in Sweden.

Something else is odd here. Bombardier was awarded this contract in 2013. An arrest was just made now? That seems like a heckuva long time to determine the charge and who to charge.

Willie
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Old 18th Mar 2017, 19:16
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Something else is odd here. Bombardier was awarded this contract in 2013. An arrest was just made now? That seems like a heckuva long time to determine the charge and who to charge.
No, that's actually fairly fast for a white collar crime. These crimes are hidden by nature (not visible like a street mugging) and even when uncovered the complexity of a financial crime may take years to untangle and investigate.

This bribery allegation is only the latest connected with Bombardier Transportation in recent years.

Two years ago South Korean prosecutors alleged that Bombardier execs participated in corrupt practices involving a $3.5 billion contract to build an elevated train system. According to prosecutors, Bombardier execs bribed city officials to severely inflate the projected number of riders, apparently to boost the value of the contract. However, the statute of limitations had expired by the time the bribery came to light.

Bombardier is also linked to a bribery investigation in South Africa. According to CBC and South African media, Bombardier execs paid a Tunisian-based middleman $35 million in "success fees", and at least $5 million was to be further transferred to a political operative. The scandal came to light because apparently the political operative was shortchanged ("no honor among thieves") and began to threaten Bombardier.

In the Netherlands, Bombardier's chief country executive was caught in a corruption scandal after he allegedly bribed a consultant to hand him confidential information regarding the Dutch railway NS Groep N.V. The bribery was only uncovered because the wife of the consultant gossiped about the payment to her friend, who was married to an NS Groep employee.

And now we have the latest allegations from Swedish prosecutors. The authorities raided Bombardier's Swedish offices last fall and apparently found enough evidence in seized emails to implicate several Bombardier employees.

Last edited by peekay4; 19th Mar 2017 at 01:56. Reason: grammar check
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Old 18th Mar 2017, 22:58
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I guess I shouldn't be surprised that there are Canadians who believe business practices in Quebec are the same as the rest of the country. From local governments to police forces to Quebec based companies, the culture and business ethics are vastly different than the rest of Canada (I've lived in five provinces including Quebec and worked in all provinces and territories).

A New York based entrepreneur and friend who does business all over North America and Asia once said to me, "Doing business in Quebec is like doing business in Indonesia. Doing business in Montreal is like doing business in Chicago in the 1930s."
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Old 25th Mar 2017, 14:44
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Good grief, we all know Quebec is run by corrupt politicians, mafioso, biker gangs, and greedy unions.
If you aren't cheating, you're not trying. If you aren't breaking the rules, you're going to lose out to those who are.
All's fair in love and war.



Willie Everlearn

P.S. ... you think it's only Quebec? That's hilarious.
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Old 26th Mar 2017, 20:15
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Originally Posted by Willie Everlearn View Post

P.S. ... you think it's only Quebec? That's hilarious.
Precisely. The genesis of ORNGE comes immediately to mind.
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Old 29th Mar 2017, 18:04
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https://ca.finance.yahoo.com/news/co...160028660.html
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