Aircraft
engine maker Rolls-Royce said it may be prosecuted over alleged
"malpractice" in Indonesia and China after passing on information
related to bribery concerns to Britain's fraud office.
Rolls-Royce warns it may face corruption charges |
"It is
too early to predict the outcomes, but these could include the prosecution of
individuals and of the company," Rolls-Royce said in a statement, released
on Thursday.
The British
group said it had "passed information to the Serious Fraud Office (SFO)
relating to concerns about bribery and corruption involving intermediaries in
overseas markets."
It added:
"This follows a request for information from the SFO about allegations of
malpractice in Indonesia and China. Investigations by Rolls-Royce have identified
matters of concern in these, and in other overseas markets."
Rolls-Royce
said it would co-operate fully with the SFO.
"I
want to make it crystal clear that neither I nor the board will tolerate
improper business conduct of any sort and will take all necessary action to
ensure compliance," said Rolls-Royce chief executive John Rishton.
"This
is a company with exceptional prospects and I will not accept any behaviour
that undermines its future success," he said in the statement.
Rolls-Royce
added that it had significantly strengthened its compliance procedures in
recent years, including the introduction of a new ethics code.
"As a
further measure, Rolls-Royce will appoint an independent senior figure who will
lead a review of current procedures," it announced on Thursday.
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