Rolls-Royce has agreed to pay £671m in penalties after coming to an agreement with the DOJ and SFO after their recent fraud investigation. The result comes after a long-running investigation into claims that Rolls-Royce bribed agents to win export contracts.
Rolls-Royce instructed FRA to analyze underlying financial material and to prepare submissions on gross profit figures for the SFO. FTI Consulting were then instructed by the SFO and DOJ to check the company’s figures. The penalty was then decided upon based on our joint analysis.
The agreed fine means Rolls-Royce will avoid being prosecuted in the UK, the US and Brazil over the claims. Individual employees of Rolls-Royce however could still be charged in relation to the claims.