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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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September 2, 2015
09:17 EDTRYCEYRolls-Royce to design, equip advanced stern trawler for VARD Group
The shipbuilding company VARD Group AS in Norway has announced a contract for a shrimp stern trawler to be designed and equipped by Rolls-Royce. The fishing vessel has been ordered by a Canadian company. The contract is worth in excess of GBP6M to Rolls-Royce. The vessel is of Rolls-Royce NVC 374 design and will be around 80 metres long featuring an ICE 1A ice class hull. It will be equipped with a wide range of Rolls-Royce equipment, including a B33:45 main engine, Promas propulsion, and a power electric system with hybrid shaft generator. The Rolls-Royce package also includes a tunnel thruster, automation, and winches. The vessel is to be delivered from VARD's Aukra yard in Norway in December 2016.
August 30, 2015
19:45 EDTRYCEYRolls-Royce scrutinized in Petrobras bribery investigation, Guardian says
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