Latest DPA could sound the death knell for self-reporting, says white collar crime expert
The Serious Fraud Office has secured the UK’s largest corporate crime fine ever after a deferred prosecution agreement totalling £497m was approved by a court this week.
Sitting at Southwark Crown Court, Lord Justice Leveson approved a DPA with Rolls-Royce, following investigations into bribery and corruption overseas by the UK engineering group.
In addition to the fine, the London-based aerospace multinational must also pay £13m in costs to the SFO. Rolls-Royce will also pay $169m (£140m) in penalties to the US Department of Justice and $25m to the Brazilian authorities.
The deferred prosecution relates to 1...
