R-R boss vows action 'will be taken' if bribery found
THE boss of Derby aero engine-maker Rolls-Royce has said the firm will "not tolerate improper business conduct" after it was revealed the company was in talks with the Serious Fraud Office in relation to concerns about bribery and corruption.
The firm, which has its civil aerospace division in Derby, yesterday said it was co-operating with the Serious Fraud Office after its own investigations identified matters of concern involving intermediaries in overseas markets. It warned there was the potential for the prosecution of individuals and the company.
The investigation follows a request for information from the Serious Fraud Office about allegations of malpractice in Indonesia and China.
Chief executive John Rishton said: "I want to make it clear that neither I nor the board will tolerate improper business conduct of any sort. We will take all necessary action to ensure compliance."
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The company would not comment further.
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