Aerospace and defense company Rolls-Royce announced this week that the U.S. Department of Justice has joined the U.K. Serious Fraud Office in an ongoing formal criminal investigation relating to allegations of foreign bribery and corruption.
As Compliance Week previously reported, Rolls-Royce informed the SFO in December 2012 that it had discovered “matters of concern” in China, Indonesia, and other overseas markets. Most recently, in its annual report released March 5, the company said, “the group is currently under investigation by law enforcement agencies, primarily the Serious Fraud Office in the UK and the U.S. Department of Justice.”
