Bribery Act Investigations Take Off At Rolls-Royce

Rolls-Royce publically announced that it has provided information to the Serious Fraud Office (SFO) in relation to bribery and corruption activities that have taken place overseas amongst its intermediaries. The SFO contacted the global engine systems company about allegations of illegal activities occurring in its associated third party companies in China and Indonesia. Rolls-Royce then conducted its own internal investigations and has handed over the results of those investigations to the SFO. They also uncovered malpractice in various undisclosed overseas markets.

Rolls-Royce reports that it has taken recent steps to ensure compliance with the Bribery Act and other international anti-corruption codes pointing to its new "Global Ethics Code" and a new "Intermediaries Policy". We understand that they have also strengthened their compliance function. Rolls-Royce stated in its press release that it "will appoint an independent senior figure who will lead a review of