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.
February 28, 2019
Engineering group discloses investigation of potentially improper payments
Related by Topic
Ericsson states it will continue cooperating with DOJ and SEC as FCPA monitorship ends
June 3, 2024
News Alert
Argentinian national pleads guilty to money laundering conspiracy linked to Venezuelan government officials
May 20, 2024
News Alert
Florida jury convicts former Comptroller General of Ecuador in bribery and money laundering scheme
April 29, 2024
News Alert