Rolls-Royce cooperating with Brazilian investigation into Petrobras bribery

Harry Davies – The Guardian, 8/30/2015

One of Britain’s biggest corporate names has been dragged into a multibillion-dollar corruption scandal after Rolls-Royce admitted it was cooperating with Brazilian authorities investigating bribery in the country’s state oil business.

The engineering group, which said earlier this year that it had not been approached by the Brazilian authorities, confirmed that it was now cooperating with investigators after being asked about its relationship with a businessman facing various investigations connected to the scandal.

Scrutiny from the Brazilian investigators comes as Rolls-Royce remains under criminal investigation in the UK over bribery allegations in Asia. It also faces investor calls to be broken up following a series of profit warnings.

Read more…


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