Rolls-Royce agrees £671m bribery settlement

Posted on 18 Jan 2017 by Fred Tongue
The Rolls-Royce Trent-xWB engine. Rolls-Royce has recently been embroiled in bribery claim brought by the Serious Fraud Office relating to bribery and corruption involving intermediaries in a number of overseas markets - image courtesy of Rolls-Royce.

Rolls-Royce has agreed to pay £671m as a result of bribery and corruption claims in Brazil, the US and UK. The figure is thought to be the largest ever levy imposed and the largest enforcement action relating to any criminal allegation in the UK.

After being investigated for claims dating back to 2012, Rolls-Royce will have to pay £497m to the Serious Fraud Office after the SFO asked for information about possible collusion and bribery in Indonesia, China and other markets. The firm has also agreed to pay £21.5m to the Brazilian authorities and £141m to the US Department…

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