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Honeywell to pay $202.7m to settle foreign bribery schemes

Honeywel is a global manufacturer of aerospace, building technologies, and automation products. Photo: Honeywell website

Martina Lindberg

3 min read
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The company has admitted multiple charges for bribing officials in Brazil and Algeria.

The Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ) have charged US-based company Honeywell International Inc and its subsidiary, Honeywell UOP with bribing a high-ranking official at Brazil’s state-owned oil company. The SEC is also charging the company with bribing an Algerian government official.

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