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British net widens Rolls probe to Nigeria

London - Britain's Serious Fraud Office widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday.

Rolls-Royce, the world's second-largest maker of aircraft engines, said in 2013 the SFO had launched a formal investigation into concerns about possible bribery and corruption in China and Indonesia.

The publication said the probe had now spread to examine Rolls-Royce's former energy operations in Nigeria.

"We are co-operating with the authorities," said a Rolls-Royce spokesperson. "We do not comment on the subject of ongoing investigations nor on the countries in which those investigations are being conducted.

"We have made it clear that Rolls-Royce will not tolerate business misconduct of any kind."

Rolls has over the last two years been hit by cancelled orders from oil industry customers for power systems after a plunge in the oil price and a slowdown in demand for the high-margin aftermarket servicing it provides for older aircraft engines.

It downgraded profit forecasts three times last year.


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