\u0027No one implicated is involved with the company today. The conduct in question occurred more than five years ago\u0027
“No one implicated is involved with the company today. The conduct in question occurred more than five years ago, and we have since put in place significantly enhanced management, culture, systems and controls.”
But it says the bribes were “earmarked and promised to” public officials and others with “sufficient gravitas to exert some influence” on those involved in the procurement process. The statement says Espino enlisted a pair of local businessmen to help with the bribery scheme because of their“close relationship” to Puno and his brother Rodolpho Puno, who was chairman of the Philippines Road Board at the time.Article content
By then, Ultra had been acquired by a new parent firm in the United Kingdom, and the company co-operated extensively with the RCMP and British authorities during the bribery investigation and also fired the employees involved in 2019.
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