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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

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.

According