Rolls-Royce Seletar Campus in Singapore.
Rolls-Royce
Rolls Royce Will Pay $808 Million for Bribery Claims
It will settle bribery and corruption charges brought by authorities in Britain, the U.S. and Brazil.
Contributor: Associated Press
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.
A U.K. 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 U.K. 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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Forum members are reminded that NaijaPolitics is established to be a moderated forum for gavel-to-gavel discussion of political developments in Nigeria, Africa's largest democracy. Freedom of opinion/expression is inherent in NaijaPolitics. Views and opposing views expressed in NaijaPolitics forum are the rights of individual contributors. Mutual respect for people's views is the corner stone of our forum. Freedom of speech applied responsibly within the guiding parameters of Yahoo! Inc (our hosts) and NaijaPolitics Rules and Guidelines (broadcast monthly and accessible to all subscribers in our archives) is our guiding principle. Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.
NaijaPolitics is division of Afrik Network Groups.
Latest Version of Disclaimer released (December 15, 2005)
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