ROLLS-ROYCE AGREES EXPENSIVE PENALTIES IN UK, USA AND BRAZIL OVER CORRUPTION CLAIMS
January 1st, 2017
ROLLS-ROYCE has announced that it has reached deferred prosecution agreements (DPA) with the UK Serious Fraud Office (SFO) and the USA Department of Justice (DoJ), plus a leniency deal with the Brazilian government, to settle bribery and corruption claims. The agreements will see the company pay GBP671 million (USD808 million) in total, which will suspend prosecutions over alleged bribery and corruption involving intermediaries in overseas markets. The bulk of these penalties will be paid to the SFO, to whom Rolls-Royce will pay GBP497.2 million (USD598 million) ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.