[ad_1] The settlement leaves Ericsson largely free of criminal convictions that could have led to sanctions and other stiff penalties, although its Egyptian branch pleaded guilty to violating the FCPA. It’s paying about $520.6 million to the DOJ, while the remaining $539.9 million goes to the SEC. For contrast, companies like HP have paid ‘just’ […]
Category: fcpa
Microsoft will pay $25 million to settle Hungary bribery charges
[ad_1] The SEC also determined that Microsoft’s Saudi Arabian and Thai subsidiaries offered “improper travel and gifts” (read: more bribes) to officials and staff at non-government customers. The Turkish unit provided an “excessive discount” to a third party without any signs of services being offered, although US regulators stopped short of alleging bribery. In a […]