Wartsila Causing Annoyance
Wartsila is not new to the notorious and worldwide despised act of bribery as indeed it is one such company that has made history in the recent times by being caught up in Sweden’s most scandalous bribery trial. (more…)
Contract Violation by Wartsila
Finnish engine manufacturer Wartsila Ltd has been condemned for having violated an affirmation. Inquiries were lifted on its ability to meet contractual obligations.
Apparently, Wartsila has built its agency premises in Karachi – Pakistan in accordance to its unique requirements on a 5 year lease contract from the construction company.
Since it was a personalized infrastructure built specifically for Wartsila, a for which Wartsila paid absolutely nil upfront fee. Hence it was agreed in writing that Wartsila will extend its payment of the lease allowance for 5 yrs even in case where it may leave the premises much earlier. As luck would have it, Wartsila departed the facility in the 4th year due to its pre-planned closure in Karachi.
Even though the builder promptly provided all the pre-decided facilities like provision of water supply and electricity power, Wartsila falsely claimed that it was not provided so and therefore terminated the contract with the builder.
By the end of four years, having conveniently used the facility, this vague reason given by Wartsila to be leaving premises has increased severe inquiries worldwide customers considering Wartsila`s credibility, predominantly when customers are buying into large allowances and trusting on the company’s brand name, buying large generators.
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Corruption suspected at Wartsila engines
Finnish engine manufacturer Wartsila Ltd WAS caught up in Sweden’s largest ever bribery prosecution, local dailies reported. According to the public prosecutor, “it is clear that Wartsila offered bribes to secure orders”. Wartsila admitted the payments but said these were for consulting services. (more…)
The Controversial Wärtsilä
Wärtsilä
Wärtsilä is known as a Finnish manufacturer of large diesel and gas engines for use in powering ships as well as electricity generation. The warsila headquarters are located in Helsinki. (more…)
