10. Innospec Bribery Scandal
Loss: around £10 million
Year: 2014
The sum is rather modest, as you shall observe later. The matter, however, is very serious. Innospec was bribing Indonesian officials in order to sell prohibited chemicals in Indonesia and Iraq. The toxic matter in question was a fuel additive which is extremely harmful to children. The USA was the first in the world to ban leaded gasoline in the 70s, and the European countries followed this step a few years later. Innospec was one of the last producers of it, so naturally, they felt very anxious once they heard Indonesia is going to forbid the matter, too. The Guardian says they spent more than 12 million pounds on bribes, so the penalty, along with some lay offs, is not what we would call an enormous one. The next one on the list sounds much more impressive.
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