The Director of the Serious Fraud Office announced that following a review of the evidence and an assessment of the public interest, no individuals will be prosecuted in the bribery case against Rolls-Royce PLC, and the matter will be closed. In January 2017, the company entered into a deferred prosecution agreement in the UK to settle bribery and corruption allegations in Indonesia, Thailand, India, Russia, Nigeria, China, and Malaysia. Pursuant to the DPA, Rolls-Royce paid £497,252,645 in disgorgement, penalties, and interest and reimbursed the SFO’s costs of approximately £13 million. The UK DPA was part of a global resolution that included the payment of $170 million to settle FCPA charges in the US, less approximately $25.5 million paid to the Brazilian Ministério Público Federal for violations in that country. Seven individuals were also charged in the US.
February 22, 2019
SFO announces closure of Rolls-Royce case
Related by Topic
Ericsson states it will continue cooperating with DOJ and SEC as FCPA monitorship ends
June 3, 2024
News Alert
World Bank debars Marseille for Engineering & Trading S.A.L. Offshore for offering improper payments
May 27, 2024
News Alert
World Bank sanctions “Interyer Inşaat” Məhdud Msuliyyətli Cəmiyyəti for fraudulent practices
May 27, 2024
News Alert