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    Rolls-Royce target of fraud investigation

    Rolls-Royce makes jet engines that power Airbus’s A380 superjumbo and other airliners.
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    Rolls-Royce makes jet engines that power Airbus’s A380 superjumbo and other airliners.

    LONDON — Rolls-Royce PLC, one of the world’s largest makers of engines for commercial airplanes, said Thursday it was cooperating with the Serious Fraud Office on an investigation into alleged corruption at some overseas business operations.

    Rolls-Royce passed findings of an internal investigation to the office relating to concerns about bribery and corruption at intermediaries in Indonesia and China. The findings are a matter of concern, the company said.

    The company said it was too early to speculate on the outcome of the investigation, but it could include the prosecution of individuals and the company.

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    ‘’I want to make it crystal clear that neither I nor the board will tolerate improper business conduct of any sort and will take all necessary action to ensure compliance,’’ John Rishton, Rolls-Royce’s chief executive, said in a statement.

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    Rolls-Royce said it had recently strengthened its compliance procedures. The company now plans to name an independent adviser to lead a review of current business procedures.

    The internal investigation began this year when Rolls-Royce was contacted by the fraud office about concerns regarding some of its overseas partners.

    New York Times