LONDON (AP) — Jet engine maker Rolls Royce has agreed to pay 671 million pounds ($808 million) to settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil. Britain's Serious Fraud Office said the matter covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery in conduct spanning three decades. Rolls' civil aerospace, defense aerospace businesses and former energy businesses were involved in matters relating to aero engines, energy systems and related services. "A fine is insufficient as a punishment and deterrent, because at face value, it sends an unfortunate message that large companies can escape criminal prosecution by paying their way out — somewhat ironically for a bribery case," Barrington said.
Rolls Royce Agrees To Pay $808 Million On Bribery Claims
By DANICA KIRKA, Associated Press, Seattle Post-Intelligencer: Business
Tue, 01/17/2017 - 8:36pm
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