A father and son arrested by the UK Serious Fraud Office during the investigation into allegations of bribery by jet engine maker Rolls Royce have been released from bail obligations, indicating they are likely to play no further role in the case.
Britain’s Sunday Times newspaper said that bail for Sudhir Choudhrie and his son Bhanu was lifted in July. The report didn’t cite sources and hasn’t been confirmed by the SFO or other sources.
Choudhrie and his son were arrested in February.
The SFO opened a criminal investigation of Rolls Royce late last year into allegations of overseas bribery and corruption.
Rolls Royce is the world’s second biggest manufacturer of aircraft engines.
Sudhir Choudhrie was born in India but lives in London.
A spokesman for the Choudhries told the Sunday Times that “they deny any wrongdoing and have co-operated fully with the authorities.”
The Choudhrie family founded C&C Alpha Group, a London-based investment firm with interests in healthcare, aviation, utilities, and hospitality. The firm also has offices in India and the United Arab Emirates.
Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.