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December 6, 2012
06:27 EDTRYCEYRolls-Royce says passes information to the SFO relating to bribery concerns
Rolls-Royce, the global power systems company, has passed information to the Serious Fraud Office relating to concerns about bribery and corruption involving intermediaries in overseas markets. This follows a request for information from the SFO about allegations of malpractice in Indonesia and China. Investigations by Rolls-Royce have identified matters of concern in these, and in other overseas markets.The consequence of these disclosures will be decided by the regulatory authorities. It is too early to predict the outcomes, but these could include the prosecution of individuals and of the company. We will cooperate fully. Rolls-Royce will appoint an independent senior figure who will lead a review of current procedures and report to the Ethics Committee of the Board.
News For RYCEY From The Last 14 Days
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November 24, 2015
08:09 EDTRYCEYRolls-Royce to hold a meeting
Management holds a review of operations on November 24 at 10:30 am. Webcast Link
November 23, 2015
06:21 EDTRYCEYRolls-Royce CEO to spurn demands for demerger, the Times reports
Rolls-Royce CEO Warren East is expected to spurn investor demands for a demerger of the company's aero-engine business, the Times reports. Investors will be offered a hint of a potential sale of certain non-core assets, the report says. Reference Link
November 15, 2015
16:21 EDTRYCEYRolls-Royce CEO: Must 'clean up' company processes, Bloomberg says
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