ATM Maker Diebold Shells Out $48M In FCPA Settlement

Law360, New York (October 22, 2013, 1:29 PM ET) -- ATM manufacturer Diebold Inc. has agreed to pay $48 million to resolve civil and criminal allegations that its subsidiaries violated the Foreign Corrupt Practices Act by bribing Chinese and Indonesian banking officials to win business, authorities announced Tuesday.

The U.S. Securities and Exchange Commission and U.S. Department of Justice filed and settled claims that Diebold’s subsidiaries in China and Indonesia spent about $1.8 million on improper gifts for senior officials at government-owned banks in those countries, including all expense-paid trips to U.S. and European tourist hotspots....
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Case Title

v. SECURITIES AND EXCHANGE COMMISSION et al


Case Number

1:13-cv-01609

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Amy Berman Jackson

Date Filed

October 22, 2013

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