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News Breaks
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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October 21, 2014
08:02 EDTRYCEYKaman unit awarded LTA by Rolls-Royce
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October 20, 2014
07:13 EDTRYCEYRolls-Royce downgraded to Neutral from Overweight at JPMorgan
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05:24 EDTRYCEYRolls-Royce downgraded to Sector Perform from Outperform at RBC Capital
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October 17, 2014
06:25 EDTRYCEYRolls-Royce says FY15 economic outlook 'more challenging'
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06:23 EDTRYCEYRolls-Royce sees sale of gas turbine, compressor unit to Siemens by year end
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06:21 EDTRYCEYRolls-Royce sees FY14 revenue 3.5%-4% lower vs. last year
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