Skip to Primary Navigation

Skip to main content

ABB settles charges with SEC and DOJ over bribery scheme in South Africa

ABB headquarters in Zurich. Photo: ABB

Martina Lindberg

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The global giant has agreed to pay $410m in total to US authorities to settle bribery charges.

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

, , , , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience