Honeywell Says It'll Pay At Least $160M To End Bribery Probes
By Hailey Konnath (October 22, 2021, 10:42 PM EDT) -- Honeywell International Inc. expects to pay at least $160 million to resolve investigations from U.S. and Brazilian authorities into potential violations of the Foreign Corrupt Practices Act, the multinational corporation said in a U.S. Securities and Exchange Commission filing Friday.
The U.S. Department of Justice, SEC and Brazilian regulators are looking into former third-party workers from Honeywell's Brazilian oil business and Petróleo Brasileiro SA. The probes are focused on a project awarded in 2010.
In a quarterly report filed Friday, North Carolina-based Honeywell said that discussions were ongoing and at different stages in regard to each of the investigations, and there...
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