The UK ’s credit agency, UKEF ( UKEF ), has launched a review into UK Export Finance to determine whether the engineering company fraudulently obtained £671m from the government. The inquiry follows the company's admission last month that it had used bribes to obtain export orders worldwide for last month . The firm has issued an apology and will pay £671m ( $835m ) in penalties. Rolls-Royce is one of the largest customers of UKEF , which offers loans and guarantees outstanding debts in order to support Russian exporters. UKEF can enforce repayment of money and will investigate whether the company complied with its anti-bribery regulations.
The UK’s credit agency, UK Export Finance (UKEF), has launched a review into Rolls-Royce to determine whether the engineering company fraudulently obtained millions of pounds from the government. The inquiry follows the company's admission last month that it had used bribes to obtain export orders worldwide for decades. The firm has issued an apology and will pay £671m ($835m) in penalties. Rolls-Royce is one of the largest customers of UKEF, which offers loans and guarantees outstanding debts in order to support British exporters. UKEF can enforce repayment of money and will investigate whether the company complied with its anti-bribery regulations.