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PTT’s board of directors has given a directive to the company on its current investigation of the Rolls-Royce bribery scandal in which the UK engineering giant, in its settlement with the US Justice Department, confessed it had made corrupt payments of more than US$11 million (Bt388 million) to PTT and PTT Exploration and Production officials.
President and chief executive officer Tevin Vongvanich said PTT’s board attached importance to adherence to corporate-governance principles, including having a zero-tolerance policy on graft.
The board also asked PTT to seriously cooperate with the National Anti-Corruption Commission (NACC) and provided a guideline on investigation of the Rolls-Royce case, with an emphasis on the issue of whether there had been cronyism, in relation to three points: how the specifications were set, the bidding procedures, and the reference bidding prices.
The board has assigned a collection of procedures and involved persons in the procurement process, as well as aiming to identify “corruption opportunities”, in a bid to make its procurement process more stringent, he said. 
 None of those involved with the case can be involved with the investigation, he stressed. 
 Furthermore, the board asked the management to develop a procurement database with a view to benefiting the PTT group’s consideration of its suppliers.
“PTT will cooperate with the NACC by opening a space for it to collect relevant information to streamline its investigation. At the same time, PTT has requested cooperation from the NACC to know about the persons involved with the case,” Tevin added.
 Since 2013, PTT has continued to evaluate and improve its procurement process, including joining in the Integrity Pact and the setting of bidding reference prices to prevent corruption, and will continue to seriously pursue this policy, PTT’s chief stressed.