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Rolls Royce agrees to pay $808 million on bribery claims

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AP London
Jet engine maker Rolls Royce has agreed to pay 671 million pounds (USD 808 million) to settle bribery and corruption charges brought by authorities in Britain, the US and Brazil.

A UK High Court judge will examine the deferred prosecution agreement during a public hearing on Tuesday. The scandal involved intermediaries in overseas markets including Indonesia and China.

Rolls-Royce said in a statement that the "voluntary agreements" will result in the suspension of prosecution.

But Transparency International's UK executive director Robert Barrington says individuals should be prosecuted so the case serves as a deterrent to bribery.

He says that "whether or not this settlement is in the public interest, the key individuals responsible for corrupt behaviour must not be allowed to evade justice.
 

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jan 17 2017 | 5:57 PM IST

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