Indian-born Sudhir Choudhrie, son dropped from bribery probe into Rolls-Royce sales - Sunday Times

Image
Reuters LONDON
Last Updated : Sep 07 2014 | 8:46 PM IST

LONDON (Reuters) - Two men arrested as part of a Serious Fraud Office (SFO)investigation into concerns of possible bribery and corruption at Rolls-Royce in Asia have had their bail lifted, Britain's Sunday Times newspaper said.

Sudhir Choudhrie, an Indian-born donor to Britain's Liberal Democrats, the junior coalition partner, and his son Bhanu were arrested in February.

Bail for the pair was lifted in July, the newspaper said without citing sources, in an indication that they are expected to play no further part in the inquiry.

Britain's SFO declined to comment when contacted by Reuters and Rolls-Royce could not immediately be reached for comment.

The Sunday Times cited a spokesman for the Choudhries as saying "they deny any wrongdoing and have co-operated fully with the authorities", echoing their spokesman's comments in February.

Rolls-Royce, the world's second-largest maker of aircraft engines, said in December the SFO had launched a formal investigation into concerns of possible bribery and corruption in China and Indonesia.

A year earlier, it had passed information to the SFO relating to bribery and corruption involving intermediaries in overseas markets, and said it could face prosecution.

In March the firm said it had cut the number of middlemen it uses as it steps up efforts to prevent bribery and corruption.

The Choudhrie family founded C&C Alpha Group, a London-based firm that invests in sectors including healthcare, aviation and hospitality, according to the company's website.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 07 2014 | 8:32 PM IST

Next Story