4. Rolls-Royce’s International Bribery
Loss: £671 million
Year: 2017
Rolls Royce stands for elegance, tradition, and wealth. Sadly, they are not immune to greasing palms, which is another business tradition. Who would have thought they would get their hands dirty and mess with the numbers? Bribery settlement cost them dearly. Even though BBC has just reported the aftermath, the cases involved were happening over a span of 25 years, and the ones affected are mainly outside the UK. The company apologized, but even though the sum seems impressive, it has not harmed their business much. Especially when we compare it to the next example of a recent accounting fraud in the Great Britain.
