In its July 18, 2019 10-Q, Honeywell International Inc., a US supplier of engineering products and services, reported that it is being investigated by the US Department of Justice (DOJ), the US Securities and Exchange Commission (SEC), and Brazilian enforcement authorities in connection with bribery investigations related to Petróleo Brasileiro S.A. (Petrobras). In particular, Honeywell stated that the investigations are focused on third parties that Honeywell had engaged to conduct business with Petrobras. Honeywell also disclosed that the DOJ and SEC are investigating a Honeywell subsidiary’s engagement of Unaoil S.A.M. in Algeria. Honeywell stated that it is cooperating with these investigations.
July 20, 2019
US conglomerate discloses ABC investigations by US and Brazilian authorities
Related by Topic
New Post
DOJ issues declination with disgorgement letter to Boston Consulting Group for possible FCPA offenses
August 29, 2024
News Alert
New Post
Former oil and gas trader pleads guilty to additional FCPA charges
August 23, 2024
News Alert
Smartmatic executives indicted for money laundering and FCPA violations
August 12, 2024
News Alert