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Published 07 Dec, 2012 02:51am

Rolls-Royce hit by corruption probe

LONDON, Dec 6: Aircraft engine maker Rolls-Royce warned on Thursday it may be prosecuted over alleged “malpractice” in Indonesia and China after passing on information related to bribery concerns to Britain's fraud office.

“It is too early to predict the outcomes, but these could include the prosecution of individuals and of the company,” Rolls-Royce said in a statement.

In reaction, Rolls-Royce shares shed about 3.0 per cent of their value.

The British group said it had “passed information to the Serious Fraud Office (SFO) relating to concerns about bribery and corruption involving intermediaries in overseas markets.” It added: “This follows a request for information from the SFO about allegations of malpractice in Indonesia and China.—AFP

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