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SFO granted extra funds to probe Rolls-Royce corruption case: FT

Published on Jan 20, 2014 6:45 AM
 

(REUTERS) - The Serious Fraud Office (SFO) has received additional funding from the United Kingdom (UK) Treasury in its probe of alleged bribery and corruption by defence group Rolls-Royce in China and Indonesia, the Financial Times reported, citing sources.

The Serious Fraud Office and the UK Treasury declined a comment on the story.

The Treasury has agreed to so-called blockbuster funding "in the low millions" of pounds for the SFO's probe, people familiar with the matter told the newspaper on Sunday.

The Financial Times said that the secret funding could explain why the SFO made the surprise announcement before Christmas that it was accelerating its interest in Rolls-Royce to an official criminal probe.

 
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