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Rolls-Royce Fined $830 million in Landmark Global Bribery Settlement

By Paul Peachey

In the United Kingdom's largest deferred-prosecution to date, iconic British engine manufacturer Rolls-Royce agreed Tuesday to pay more than $800 million for bribing dozens of foreign officials in seven countries to secure business over a 24-year period. The settlement, which culminates a four-year investigation into four Rolls-Royce units that supplied aircraft motors and energy systems to the oil and gas industry, includes payments of $170 million to the United States and nearly $26 million to Brazil to resolve charges of bribery, false accounting and corruption in Indonesia, Thailand, Nigeria, Russia, China and India. The deferred prosecution agreement is only the...

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