Rolls-Royce agrees to pay record £671m bribery and corruption settlementStaff Writer | January 17, 2017
Rolls-Royce has agreed to pay £671 million plus interest to settle bribery and corruption allegations in the UK, U.S. and Brazil.
Engineering A voluntary provisional agreement
Total payments by Rolls-Royce in the first year of all three agreements would be £293m at current exchange rates, with close to £497m to the SFO over five years. The settlement was said to be a record of its kind.
Rolls-Royce added that, ahead of full year results on 14 February, "early indications are that the group has had a good finish to the year with both profit and, in particular, cash expected to be ahead of expectations". ■