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Brian Greene is one of the world’s leading theoretical physicists and a brilliant, entertaining communicator of cutting-edge scientific concepts.
A Professor of Physics and of Mathematics at Columbia University, Greene has been described by -- which have collectively sold over two million copies, been translated into more than 40 languages, and spent 65 weeks on the New York Times bestseller list.
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On 17 January 2017, the Serious Fraud Office (SFO) confirmed that a Deferred Prosecution Agreement (DPA) had been reached with Rolls-Royce, the British aero-engineering company.
Approval was given at a hearing before Sir Brian Leveson QC, President of the Queen’s Bench Division.
Summary On 17 January 2017, Sir Brian Leveson QC approved a deferred prosecution agreement (DPA) between the Serious Fraud Office (SFO) and two Rolls-Royce entities.
(Click the links for our articles on those earlier DPAs.) Background This matter concerned conduct by Rolls-Royce plc and, to a lesser extent, its Delaware incorporated subsidiary, Rolls-Royce Energy Systems Inc (together RR).
Under the DPA, which has a term of up to five years, Rolls-Royce must disgorge tainted profits and pay a substantial penalty sum along with the SFO’s costs, all totalling over £½ billion. Rolls-Royce “” for conduct that first caught the SFO’s attention in 2012 as a result of internet postings by whistle-blowers.
Although it had not self-reported, a key factor in the court’s willingness to approve the DPA was Rolls-Royce’s “” with the SFO throughout the investigation, including making available the product of lengthy and wide internal investigations.
Under the terms of the DPA with the SFO, Rolls-Royce will pay £497,252,645.
In addition, Rolls-Royce has agreed to make payments to the DOJ totalling 9,917,710 and to the MPF totalling ,579,179. Seeking a DPA A DPA can only officially begin when a designated prosecutor invites any company under investigation to enter into negotiations as an alternative to prosecution.