Defendant Name:
Diebold, Inc.
Defendant Type:
Public Company
Document Reference:
LR-22849
Document Details
Legal Case Name
SEC v. Diebold, Inc.
Document Name
SEC charges Diebold with FCPA Violations in China, Indonesia, and Russia
Document Date
22-Oct-2013
Document Format
Civil Proceeding
Case Number
13-cv-01609
Federal District Court
District of Columbia, District of Columbia
AAER
3509
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On October 22, 2013, the SEC announced that it "charged Diebold, Inc. ('Diebold'), an Ohio corporation that is a global provider of ATMs and bank security systems, with violations of the Foreign Corrupt Practices Act ('FCPA') for lavishing international leisure trips, entertainment, and other improper gifts on foreign officials to obtain and retain lucrative business with government owned banks in China and Indonesia, and for paying other bribes in connection with the sale of ATMs to private banks in Russia." According to the SEC: "Diebold has agreed to consent to a final judgment that permanently enjoins the company from future violations of these provisions, orders Diebold to pay $22,972,942 in disgorgement and prejudgment interest, and requires the appointment of an independent compliance monitor. In a parallel criminal proceeding, Diebold has agreed to pay a $25.2 million criminal fine as part of a deferred prosecution agreement with the U.S. Department of Justice."
Disgorgement & Penalty Information
Resolutions
Injunction
Enjoinment
Compliance Related Independent Consultant