SFO confirms DPA in principle with Rolls-Royce PLC
16 January, 2017 | Statements
Following the Regulatory News Service announcement by Rolls-Royce PLC today, the Serious Fraud Office confirms that a Deferred Prosecution Agreement, subject to approval by the Court, has been reached between the SFO and Rolls-Royce PLC.
The approval will be sought at a public hearing tomorrow.
If approved, the Agreement, will result in a payment by Rolls-Royce PLC in the UK of £497,252,645 plus interest, as well as a payment of the SFO’s full costs.
The hearing will be at 10am on Tuesday, 17 January before Sir Brian Leveson QC, President of the Queen’s Bench Division, at the Southwark Crown Court, sitting at the Royal Courts of Justice (Court 4).
The SFO cannot provide further information until this hearing has concluded.