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Rolls-Royce to pay £671 million to end bribery claims

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Rolls-Royce to pay $817 million in penalties to settle bribery charges

Rolls-Royce to pay $817 million in penalties to settle bribery charges*/

– Rolls-Royce Holdings, the UK-based maker of jet and marine engines, will pay £671 million ($817 million) in penalties to authorities in the US, UK and Brazil to settle bribery allegations that the company hired commercial agents to secure high-value contracts in several countries.Rolls-Royce registers second highest car sales in its 113-year historyAfter the settlement, Rolls-Royce will avoid being prosecuted by anti-corruption investigators in these countries, however, individual executives may still face action.The Rolls-Royce agreement is one of the most high-profile corporate admissions of corruption in the UK.
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Rolls-Royce will pay over $800 million to settle bribery charges

Rolls-Royce will pay over $800 million to settle bribery charges*/

– Tangled up in corruption investigations on three different continents, Rolls-Royce will shell out more than $800 million to deal with the legal fallout.The British engineering giant says it has reached settlements with authorities in the U.K., the U.S. and Brazil over bribery allegations it is facing across the globe.The agreements — which are yet to be finalized — total £671 million ($813 million), the company announced.
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Rolls-Royce to pay £671 million to end bribery claims

Rolls-Royce to pay £671 million to end bribery claims*/

– Rolls-Royce (LON:RR) shares rose up 6.9 percent on Tuesday, following the announcement that the aerospace firm is to pay £671 million in penalties to settle allegations of bribery and corruption.The fine is the largest ever given to a UK company for criminal conduct and was imposed after claims Rolls-Royce paid bribes to land export contracts in several countries including Brazil, India and China.The policy director of Corruption Watch, Susan Hawley, described the settlement as “proof the UK is not willing to prosecute a large, politically connected company”.
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