Belfast Telegraph

Home News UK

Bribery probe into Rolls-Royce

The Serious Fraud Office (SFO) has opened a criminal investigation into bribery and corruption allegations at Rolls-Royce.

The disclosure comes a year after Rolls said it was co-operating with the SFO after its own investigations identified matters of concern involving intermediaries in overseas markets .

It followed a request for information from the SFO about allegations of malpractice in Indonesia and China.

A spokesman for the SFO said today: "We confirm that the director of the Serious Fraud Office has opened a criminal investigation into allegations of bribery and corruption at Rolls-Royce."

The group, which has major sites at Derby and Bristol and employs around 45,000 people worldwide, appointed veteran lawyer Lord Gold last year to review the c ompany's compliance procedures in the wake of the claims.

In March, the company appointed BP director Ian Davis, a former managing director of management consultancy McKinsey & Co, as chairman.

The company's brief statement today said: "Further to our announcement of December 6 2012 relating to concerns about bribery and corruption in overseas markets, we have been informed by the Serious Fraud Office that it has now commenced a formal investigation into these matters."

Rolls-Royce said last year it has significantly strengthened its compliance procedures in recent years, including a new ethics code and an intermediaries policy.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph