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Showing posts with the label Rolls Royce

Corrupt Capitalism

Sudhir Choudhrie, who has donated more than £500,000 to the Lib Dems via his family company since 2010, was named by India's Central Bureau of Investigation as one of 23 "unscrupulous persons" in 2012. The Indian-born businessman, who lives in a £5m apartment in Chelsea, was placed on the Indian list of "unscrupulous persons" following two formal investigations of alleged bribery in Choudhrie's work brokering arms deals. The "Undesirable Contactmen" list, which was prepared by the CBI and distributed to all Indian government departments, states politicians and officials should be "careful and cautious in dealings with unscrupulous contact men whose names are on these lists, to avoid associating with them socially and accepting hospitality and gifts from them. "Even official dealings with the UCM should be discouraged. Nefarious activities of these individuals should not be allowed and they should not be allowed sponsorship of Govt proje…

A car for the very high rollers

A new model Rolls-Royce convertible is going on sale this summer.

In the UK, where it will go on sale in July, the car will cost some £325,000 when extras such as chrome wheels (£4,500), a brushed steel bonnet (£6,400) and a teak deck (£5,300) around the back seats are included.

At least 40% of its customers will be recruited amongst America's super-rich, though some 20,000 of the world's 85,400 ultra-high net worth individuals - people with more than $30m (£15m) ready cash at their disposal, as measured by CapGemini Merrill Lynch - are European, 3,700 of them British.

"The wealth factor is an important part of the market growth," points out Rolls-Royce Motor Cars' chief executive, Ian Robertson. "We're aiming to pick up about 1% of them each year. " - and that would be 800 out of a world's population of 6.5 billion .One American bid £1million in an auction to be the first U.S. customer. Rolls-Royce's chairman and chief executive Ian Robertson …