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Rolls Royce agrees to pay 808 $million on corruption and bribery charges

Rolls-Royce Said In A Statement That The Voluntary Agreements Will Result In The Suspension Of Prosecution. But Transparency International's UK Executive Director Robert Barrington Says Individuals Should Be Prosecuted So The Case Serves As A Deterrent To Bribery.

PTI | Updated on: 17 Jan 2017, 09:56:49 PM
Rolls Royce

London:

Jet engine maker Rolls Royce has agreed to pay 671 million pounds (USD 808 million) for settling corruption and bribery charges brought by authorities in US, Britain and Brazil.

A UK High Court judge will examine the deferred prosecution agreement during a public hearing on Tuesday. The scandal involved intermediaries in overseas markets including Indonesia and China.

Rolls-Royce said in a statement that the "voluntary agreements" will result in the suspension of prosecution. But Transparency International's UK executive director Robert Barrington says individuals should be prosecuted so the case serves as a deterrent to bribery.

He says that "whether or not this settlement is in the public interest, the key individuals responsible for corrupt behaviour must not be allowed to evade justice.

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First Published : 17 Jan 2017, 09:38:00 PM

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