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Rolls-Royce hit by corruption probe into Asian dealings

Published on Dec 6, 2012 8:48 PM
 

LONDON (AFP) - Aircraft engine maker Rolls-Royce on Thursday warned it may be prosecuted over alleged "malpractice" in Indonesia and China after passing on information related to bribery concerns to Britain's fraud office.

"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.

In reaction, Rolls-Royce shares shed as much as 3 per cent in value.

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".

 
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