Rolls-Royce apologises in court after settling bribery case

Russia Comments Off

Settlement of £671m means engineering giant will avoid being prosecuted by anti-corruption investigators in UK, US or Brazil

The engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in Indonesia, Russia and China and other countries.

Britain’s leading multinational manufacturer made the admissions on Tuesday at the high court in London, a day after it was revealed that it would pay £671m in penalties to settle long-running corruption allegations. In a statement read out in court, the firm said it “apologised unreservedly for the conduct which has been uncovered”.

Related: Rolls-Royce’s SFO settlement is big, ugly and serious

Continue reading…
Source: russia
Link : Rolls-Royce apologises in court after settling bribery case

Author

Search

Back to Top

Skip to content