Rolls-Royce said aiding corruption probe

Dec. 7, 2012 at 9:28 AM
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LONDON, Dec. 7 (UPI) -- Rolls-Royce has given information to Britain's Serious Fraud Office amid suspicions of illegal business practices involving overseas intermediaries.

The Serious Fraud Office, an independent government organization that is part of the British legal system, requested information as a result of allegations of malpractice (bribery and corruption) in Indonesia and China.

Rolls-Royce said its own investigations had "identified matters of concern" in the two markets and others.

"I want to make it crystal clear that neither I nor the board (of directors) will tolerate improper business conduct of any sort and will take all necessary action to ensure compliance," said Rolls-Royce Chief Executive Officer John Rishton. "This is a company with exceptional prospects and I will not accept any behavior that undermines its future success."

Rolls-Royce didn't speculate as to the possible result of an inquiry by the Serious Fraud Office but said it will cooperate fully with authorities.

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