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Monday, 16 January 2017

Rolls-Royce to pay £671m over bribery claims | Business | The Guardian

Rolls-Royce to pay £671m over bribery claims | Business | The Guardian:

"Rolls-Royce plc, Britain’s leading manufacturing multinational, is set to pay £671m in penalties following long-running investigations into claims it paid bribes to land export contracts.

The voluntary payments will mean the company will avoid being prosecuted by anti-corruption investigators, although individual executives may still be charged.

In deals announced on Monday, Rolls-Royce said it would pay £497m to the UK Serious Fraud Office (SFO), subject to approval by the high court. It will also pay $169m (£140m) in penalties to the US Department of Justice and $25m to the Brazil authorities."



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