Rolls-Royce to Pay US, UK, Brazil $810m to Settle Bribery Case

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Madrid, Jan. 16 — Rolls-Royce Holdings PLC said Monday it will pay a total of around 671 million pounds sterling ($810 million) to law enforcement authorities in the United States, United Kingdom and Brazil to settle bribery and corruption charges, according to a report from Dow Jones Newswires.

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The company, which manufactures jet engines and marine diesel engines, said it had reached deferred prosecution agreement, a type of settlement agreement with the US Department of Justice and the UK’s Serious Fraud Office.

It also has reached a leniency agreement with Brazil’s Public Prosecutor’s Office.

Under the settlement agreements, Rolls-Royce will pay US$169.9 million to the Justice Department, US$25.6 million to Brazilian authorities, and 497.3 million pounds to the U.K.’s law enforcement authority.

The U.K.-listed company said it would provide a further update on implications of the settlement agreements when it reports its full-year 2016 results on Feb. 14.

It added that the company had a good finish to the year with both profit and cash expected to be ahead of expectations, Dow Jones added in a report supplied to EFE.

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