Friday, November 17, 2017
Volume:
33
Issue:
11
Abstract:
On November 7, 2017, the U.S. Department of Justice announced the unsealing of an indictment against five individuals of Rolls-Royce plc and its subsidiaries (Rolls-Royce). The charges involved two former executives, a former Rolls-Royce employee, a former intermediary for Rolls-Royce in Kazakhstan, and an executive of an international engineering consulting firm. The indictment charges all of the defendants for their alleged participation in a scheme to pay bribes to foreign government officials for the benefit of a U.S.-based Rolls-Royce subsidiary, including obtaining a contract to supply equipment and services to power a gas pipeline from Central Asia to China.