Moog must pay $1.7m to the SEC to settle FCPA case
The SEC’s order alleged that Moog violated the recordkeeping and internal accounting controls provisions of the FCPA.
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The Indian subsidiary of New York-based defence and aerospace giant Moog has agreed to pay a $1.1m civil penalty to settle major bribery charges. It was alleged the bribes were paid to officials in order to secure contracts and shut out competitors.
Moog is a global manufacturer of motion control