"Rolls - Royce" will pay more than $ 800 million to bribe paid to officials in six countries , including Iraq

by **RamblerNash** Wed Jan 18, 2017 3:14 pm

"Rolls - Royce" will pay more than $ 800 million to bribe paid to officials in six countries , including Iraq

01/18/2017

(Independent) ... The United States and Britain announced Wednesday that the company "Rolls-Royce" will pay more than $ 800 million to settle a bribe paid to officials in six countries, including Iraq issues.

The US Department of Justice and the Office of Serious Fraud in Britain in the two statements, "The Rolls-Royce has agreed to pay more than $ 800 million for the authorities to settle charges of bribing officials in six countries over more than ten years."

The Justice Department said the company acknowledged paying bribes to government officials in power in Kazakhstan, Thailand and Brazil, Azerbaijan, Angola and Iraq companies exceeded $ 35 million to win contracts.

CEO Warren East and apologized "without reservation" in the statement of operations for bribery.

The company has since amended the rules of compliance and reduced recourse to intermediaries the statement said.

Among bribery operations Rolls-Royce paid to officials in Azerbaijan $ 1.6 million through an intermediary to win a number of oil equipment contracts from Petrobras, as US authorities said.

Petrobras did not respond to a request for comment.

In Iraq, brokers bribes to local officials pay after he voiced concerns about the turbines sold by the company.

The US authorities said a broker Rolls-Royce to pay bribes in order to "persuade officials to accept the turbines" and prevent the officials from the inclusion of Rolls-Royce in the "black list" for future activities in Iraq.

The "Rolls Royce" group (Royce Group PLC) multinational British company, engaged in the field of energy systems, based in the City of Westminster in London, the third largest producer in the world for aircraft engines, and also is one of the major companies operating in the energy and pay for equipment sectors companies Navy, and it occupies 16th place in the list of the world's largest companies producing defense equipment in terms of revenue, according to statistics in 2011. (end)

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