October 16, 2018

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Britian’s SFO widens Rolls-Royce fraud probe to Nigeria

Britian’s SFO widens Rolls-Royce fraud probe to Nigeria

Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday.

Rolls-Royce, the world’s second-largest maker of aircraft engines, said in 2013 the SFO had launched a formal investigation into concerns about possible bribery and corruption in China and Indonesia.

The FT said on Thursday this had now spread to examine Rolls-Royce’s former energy operations in Nigeria.

“We are co-operating with the authorities,” a Rolls-Royce spokesman said. “We do not comment on the subject of ongoing investigations nor on the countries in which those investigations are being conducted.

“We have made it clear that Rolls-Royce will not tolerate business misconduct of any kind.” Read more

 

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