Rolls-royce Bribery Charges

Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK Serious Fraud Office said in statements on Tuesday.

Aerospace and defence company Rolls-Royce, facing an investigation by Britain's anti-fraud watchdog, says it has cut the number of middlemen it uses as it steps up efforts to prevent bribery and corruption.

The Defence Ministry has ordered a bribery investigation over the purchase of jet engines from Rolls-Royce by the state-run Hindustan Aeronautics Limited (HAL) in a deal worth at least $1.2 billion or Rs 7426.8 crores.

Aircraft engine maker Rolls-Royce today said it may be prosecuted over alleged "malpractice" in Indonesia and China after passing on information related to bribery concerns to Britain's fraud office.

Rolls-Royce Plc agreed to pay authorities more than $800 million to resolve charges of bribing officials in six countries in schemes that lasted more than a decade, the U.S. Justice Department and UK Serious Fraud Office said in statements on Tuesday.

Aerospace and defence company Rolls-Royce, facing an investigation by Britain's anti-fraud watchdog, says it has cut the number of middlemen it uses as it steps up efforts to prevent bribery and corruption.

The Defence Ministry has ordered a bribery investigation over the purchase of jet engines from Rolls-Royce by the state-run Hindustan Aeronautics Limited (HAL) in a deal worth at least $1.2 billion or Rs 7426.8 crores.

Aircraft engine maker Rolls-Royce today said it may be prosecuted over alleged "malpractice" in Indonesia and China after passing on information related to bribery concerns to Britain's fraud office.