The Braid Group has agreed to pay a penalty of £2.2m for breach of the Bribery Act 2010.
After an internal investigation the company discovered that some of it’s contracts had been won as a result of improper payments made to clients. The company reported itself to the Crown Office and has agreed to pay the penalty.
The Bribery Act make all employer’s potentially liable for acts of bribes paid by employees. Employer’s must have taken all reasonable steps to prevent bribes being paid and have robust policies and procedures in place to prevent bribes being paid. A failure to do so can result in significant penalties including criminal action being taken against the employer and potentially it’s directors. Braid Group is now implementing more stringent policies to prevent any repetition. If you are an employer and have any queries about the Bribery Act or have not implemented any policies and procedures to prevent bribery please contact Gary Smith on 01279 712576 or via email.