February 28, 2019

Engineering group discloses investigation of potentially improper payments

In a filing with the Securities and Exchange Commission, ABB Ltd., a multinational equipment and robotics firm headquartered in Zurich, Switzerland, has disclosed that it has self-reported to the SEC, the US Department of Justice, and the Serious Fraud Office potentially improper payments in connection with the company’s past dealings with Unaoil and related entities. ABB’s filing states that the SFO has begun an investigation into the matter.  ABB is cooperating with the authorities.

Form 6-K