A UK High Court judge will examine the deferred prosecution agreement during a public hearing on Tuesday. The scandal involved intermediaries in overseas markets including Indonesia and China.
Rolls-Royce said in a statement that the "voluntary agreements" will result in the suspension of prosecution.
But Transparency International's UK executive director Robert Barrington says individuals should be prosecuted so the case serves as a deterrent to bribery.
He says that "whether or not this settlement is in the public interest, the key individuals responsible for corrupt behaviour must not be allowed to evade justice.
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