London: British propulsion giant Rolls-Royce has become embroiled in fraud investigations in both China and Indonesia, as well as other markets, the company said in a statement yesterday. The UK’s Serious Fraud Office is looking at a series of Rolls-Royce’s overseas dealings.
Rolls-Royce said it will appoint an outsider to review anti- corruption procedures and has submitted information to the SFO.
“The consequence of these disclosures will be decided by the regulatory authorities,” Rolls-Royce said. “It is too early to predict the outcomes, but these could include the prosecution of individuals and of the company. We will cooperate fully.” [07/12/12]