The aerospace and defense group Rolls Royce announced that the Office on Organized Cheating, began a formal investigation into allegations that were made a year ago on bribery and corruption in foreign markets. The SFO has asked this group, which is the second largest manufacturer of aircraft engines in the world to investigate and give details about possible bribery and corruption in China, Indonesia and other markets last December. We have been informed by the Office on Organized cheating that now began formal research on these issues, announced today the group of Rolls Royce. This is just the next step in the process, said the announcement by the group Ben Bourne, analyst at Liberum.
The SFO is considering the findings of the internal investigation conducted earlier this year by the group Rolls Royce. Tommy Suharto, the youngest son of the late former president of Indonesia, declined in November accusations that bribed by the group Rolls Royce. Source familiar with the matter said last December that the charges relate to the distant past. This means that the offenses do not fall within British Bribery Act, which came into force in July 2011. More stringent Act introduced the offense of bribery of non interference and impose sanctions for facilitation payments and disproportionate hospitality in order to lubricate the gears business.
By Nicole P.