Rolls-Royce has agreed to pay a record £671million to British, US and Brazilian authorities to settle bribery and corruption claims.
In a landmark case, the engineering giant has agreed voluntary settlements over allegations it used middle-men to bribe officials to secure contracts in countries including China and Indonesia.
The deals with the Serious Fraud Office, US Department of Justice and Brazilian investigators mean Rolls-Royce will not be prosecuted over the claims – although in theory the SFO could still prosecute individuals.
Rolls Royce is due to appear at London’s Royal Courts of Justice this morning to seek approval for its £497-million settlement with the SFO, the largest out-of-court settlement for the agency.
The firm has also agreed to make payments of £140 million to US investigators and £21.2 million in Brazil.
Full Content: Daily Mail
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