The Swedish-Swiss multinational corporation ABB Ltd, based in Zurich, has settled its third case relating to violations of the Foreign Corrupt Practices Act (FCPA). The electrical equipment and automation company has agreed to pay over $315m and $75m respectively to the Department of Justice (DOJ) and the Securities and Exchange
ABB settles charges with SEC and DOJ over bribery scheme in South Africa
The global giant has agreed to pay $410m in total to US authorities to settle bribery charges.