Rolls-Royce gets deferred prosecution deal as long as it abides by settlement
London — Rolls-Royce Holdings won approval from a UK judge for its settlement with British prosecutors as the US justice department unsealed a parallel agreement with the company in Ohio, the day after the company announced it would pay $800m in total to resolve bribery probes in both countries, as well as in Brazil. In London, Judge Brian Leveson granted the so-called deferred prosecution agreement on Tuesday. The British deferred prosecution agreement covers actions dating as far back as 1989, while the US one covers a period beginning in 2000. Under both, the company avoids prosecution as long as it abides by the terms of the settlement, which includes the fine and assisting in the prosecution of any individuals. "The global nature of this crime requires a global response," Andrew Weissmann, chief of the US justice department’s fraud section, said in a statement on Tuesday. Rolls-Royce admitted to paying bribes to secure contracts in countries including Thailand, Kazakhstan, Azer...
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