Monday, April 30, 2018

Panasonic Avionics Corporation Agrees to Pay $137 Million to Resolve Foreign Corrupt Practices Act Charges

Panasonic Avionics Corporation (PAC), a subsidiary of multinational electronics company Panasonic Corporation (Panasonic), has agreed to pay a $137.4 million criminal penalty to resolve charges arising out of a scheme to retain consultants for improper purposes and conceal payments to third-party sales agents, in violation of the accounting provisions of the Foreign Corrupt Practices Act (FCPA).

from Justice News https://ift.tt/2r9r0AM
Get free legal consulting with complete case evaluation by a senior professional Attorney with us. Click Beaty Law Firm to explore more.

No comments:

Post a Comment