February 22, 2019

SFO announces closure of Rolls-Royce case

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.

SFO Statement | UK DPA (2017) | US DPA (2017)