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Rolls-Royce hands over evidence in bribery probe

Source : AP
Last Updated: Thu, Dec 06, 2012 08:16 hrs

Aircraft and marine engine-maker Rolls-Royce says it has given information to Britain's Serious Fraud Office, which is investigating alleged bribery and corruption in Indonesia and China.

Rolls-Royce said Thursday that the outcome of the investigation is uncertain but could lead to prosecutions of individuals and the company itself. It added that the Serious Fraud Office is investigating dealings with intermediaries.

Rolls-Royce said it will appoint an independent senior person to lead a review of current procedures and report to the board's ethics committee.

John Rishton, chief executive of Rolls-Royce, said he and the board will not tolerate "improper business conduct of any sort and will take all necessary action to ensure compliance."




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