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		</div><p>Rolls-Royce has agreed to pay £671 million to British, US and Brazilian authorities to settle bribery and corruption claims.</p>
<p>The engine maker said it has in principle reached a deferred prosecution agreement (DPA) with the UK&#8217;s Serious Fraud Office (SFO) and the US Department of Justice (DoJ), and a leniency agreement with Brazil&#8217;s Ministerio Publico Federal (MPF).</p>
<p>The agreements relate to bribery and corruption scandals involving intermediaries in overseas markets such as Indonesia and China.</p>
<p>The company first passed information to the SFO in 2012 after facing &#8220;allegations of malpractice&#8221; in the two countries, after which the fraud squad launched a formal investigation.</p>
<p>Officials for the firm said at the time its own investigations had found &#8220;matters of concern&#8221; in additional overseas markets.</p>
<p>Rolls-Royce said the sums were &#8220;voluntary agreements&#8221; which result in the suspension of a prosecution, provided the company fulfils certain requirements, including the payment of a financial penalty.</p>
<p>The firm has agreed to make payments to the DoJ totalling 169 million US dollars (£140 million) and to the MPF totalling 25.6 million US dollars (£21.2 million).</p>
<p>Under the terms of the DPA with the SFO, Rolls-Royce will pay £497 million plus interest over five years, plus a payment in respect of the SFO&#8217;s costs.</p>
<p>Rolls-Royce will pay £293 million in the first year of all three agreements.</p>
<p>The firm said it has co-operated fully with the authorities and will continue to do so.<br />
Rolls-Royce will report full-year results in February, when it will update the market on the implications of the settlements to the balance sheet.</p>
<p>The firm said early indications show that the group has had a &#8220;good finish&#8221; to the year with both profit and, in particular, cash expected to come in ahead of expectations.</p>
<p>In a statement, the SFO confirmed the agreement had been reached in principle with the company and said approval would be sought at a public hearing scheduled for 10am at the Royal Courts of Justice on Tuesday.</p>
<p>Meanwhile, anti-corruption group Transparency International UK executive director Robert Barrington said news of the agreements &#8220;should send shivers down the spines of corrupt companies and individuals&#8221;.</p>
<p>He said: &#8220;In order to serve as a proper deterrent for companies who think it is acceptable to do business with bribery, those involved with or who sanctioned bribery must be prosecuted individually.&#8221;</p>
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