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

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.