Following a four year investigation, the SFO and Rolls-Royce entered into a Deferred Prosecution Agreement (DPA) which was approved by Sir Brian Leveson, President of the Queen’s Bench Division on 17 January 2017. The DPA enables Rolls-Royce to account to a UK court for criminal conduct spanning three decades in seven jurisdictions and involving three business sectors.
The DPA involves payments of £497,252,645 (comprising disgorgement of profits of £258,170,000 and a financial penalty of £239,082,645) plus interest. Rolls-Royce are also reimbursing the SFO’s costs in full (c£13m).
The investigation into the conduct of individuals continues.
Full information is available in the Statement of Facts, agreed by the SFO and Rolls-Royce. The Agreement itself and Sir Brian Leveson’s judgment are published below.
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Information about how Deferred Prosecution Agreements work in the UK is here.
Page published on 11 Sep 2014 | Page modified on 17 Jan 2017