Glasgow Firm Braid UK To Pay £2.2m Fine

A Glasgow-based company has agreed to pay £2.2 million after employees carried out corrupt deals.

An investigation into the activities of Braid UK, which specialises in freight and logistics, found two separate cases of dishonest money-making.

Parent company Braid Group contacted the authorities after making the discovery and accepts it obtained business through unlawful conduct, the Crown Office said.

Following a settlement more than £2 million will be handed to the civil recovery unit for use in community projects across Scotland.

The first scam involved an agreement between a Braid UK staff member and an employee of one of its customers.

It saw inflated invoices provided to the customer to cover unauthorised expenses including personal travel, holidays and gifts.

In a second case, a profit sharing deal was found to be in place, where the profit made on services provided to the customer was split, in return for orders continuing to be placed with Braid UK.

Criminal investigations into individuals may follow, the Crown Office said.

Linda Hamilton, head of the civil recovery unit, said: "It is vital to the health of the Scottish economy that any form of bribery or corruption is identified and stopped as soon as possible.

"Only in this way can businesses who play by the rules flourish, without competing with those who obtain commercial advantage through unlawful means.

"Braid is to be commended for self-reporting the unlawful conduct to Crown Office.''

The self-reporting initiative was launched in July 2011 when the Bribery Act 2010 came into force.

The legislation states it is an offence for a business to fail to prevent bribery by an associated person.

 

Recently Played Tracks

To listen live, choose your preferred location:

Go

On TV: Merry Quiz-mas!

12pm - 2pm

Watch heart TV

  • Justin Timberlake Can't Stop The Feeling

    12:21

    iTunes

  • Calvin Harris & Rihanna This Is What You Came For

    12:13

    iTunes

  • James Arthur SAY YOU WON'T LET GO

    12:10

    iTunes

  • Robbie Williams Dream A Little Dream

    12:06

    iTunes

Heart VIP

Local

Autumn Weather

Find your local four day weather report here.

Listening To Radio Win With Heart

Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.

Shopping Our Advertisers

Find out more about some of the companies advertising on Heart Scotland- East.

Follow Heart on Twitter