Electrical technology giant ABB Ltd. of Switzerland reached a settlement with the DOJ today of criminal FCPA charges and will pay a fine $30,420,000. And in resolving civil charges with the SEC, the company will disgorge $22,804,262 and pay a $16,510,000 civil penalty.
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Ex-ABB Manager Arrested, Mexican Agent Pleads Guilty
The UK Serious Fraud Office said Friday it is investigating ABB Ltd’s United Kingdom subsidiaries, their officers, employees, and agents for suspected bribery and corruption.