India will allow its military to buy from defense contractors that were previously banned because of graft allegations.
Entries in Rolls-Royce Holdings Plc (4)
The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.
Rolls-Royce has launched a 24-hour "ethics hotline" for employees to report concerns about bribery. The company also promised to claw back any bonuses awarded to managers who are found to be involved in corruption.
The UK's Serious Fraud Office (SFO) has launched a formal investigation into Rolls-Royce Holdings Plc, Europe's largest manufacturer of aircraft engines. The investigation is centered around the company's business dealings in China and Indonesia and follows up on concerns the SFO raised a year ago about possible bribery and corruption involving intermediaries in Asia.