January 17, 2017 / 1:08 PM / a year ago

UK court to approve Rolls-Royce settlement with fraud office

LONDON, Jan 17 (Reuters) - A UK court said it would approve a proposed agreement between Britain’s Serious Fraud Office and Rolls-Royce which will allow the British aero-engine company to pay to settle a bribery probe.

The court said on Tuesday that it planned to approve the deal, known as a deferred prosecution agreement (DPA) which was announced on Monday, in a written judgement at 1600 GMT.

Rolls-Royce’s agreement to pay around 671 million pounds ($827 million) to British, U.S. and Brazilian authorities, helps to remove a cloud which has hung over the company since 2013, although the penalties involved were bigger than analysts had expected.

$1 = 0.8116 pounds Reporting by Kirstin Ridley, Writing by Sarah Young; editing by Kate Holton

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